I Hope Ministries

Analysis

I Hope Ministries is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in May 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, I Hope Ministries reported income of $291k and spending of $296k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $291k (+42%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, I Hope Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Jewish Heritage Movement ($291k), Coral Ridge Korean American Presbyterian Church Inc ($291k) and Chico Rescue Mission ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $48k (16% of expenses). At year end it held assets of $31k against liabilities of $325, net assets of $30k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.