Song of Hope Ministries Inc

Analysis

Song of Hope Ministries Inc is a registered charity in United States, based in Newberry, FL. It received its IRS tax-exemption ruling in August 2014, 12 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, Song of Hope Ministries Inc reported income of $130k and spending of $128k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $130k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Song of Hope Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Deborah the Brave Ministries ($130k), Tactical Evangelism ($130k) and Broward Spiritist Society ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $13k, net assets of -$1,491.