Hannahs Hope Ministries Inc

Analysis

Hannahs Hope Ministries Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hannahs Hope Ministries Inc reported income of $531k and spending of $385k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $531k (+155%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hannahs Hope Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Jewish Outreach Initiative Orlando Inc ($531k), Lords Work Inc ($531k) and Kings and Priests Ministries ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $173k (45% of expenses). At year end it held assets of $976k against liabilities of $54k, net assets of $921k. It reported 9 employees.