Church of Living Hope

Analysis

Church of Living Hope is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Church of Living Hope reported income of $91k and spending of $86k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $91k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Church of Living Hope sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Second Tee ($91k), Tampa Bay Tres Dias Inc ($91k) and New Hope Empowerment Center ($91k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $551k against liabilities of $92k, net assets of $459k.