Hope Ministries

Analysis

Hope Ministries is a registered charity in United States, based in Elk Point, SD. It received its IRS tax-exemption ruling in July 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, Hope Ministries reported income of $138k and spending of $109k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $138k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within SD. Charities of a similar size with the same main cause include Waves of Grace ($138k), Faith Community Inc ($138k) and Desperately Dependent Community ($138k).

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 $276k against liabilities of $0, net assets of $276k.