Mobile Hope

Analysis

Mobile Hope is a registered charity in United States, based in Corcoran, MN. 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 August 2023, Mobile Hope reported income of $532k and spending of $442k, spending 83% of its income. Across the 4 years on record, from December 2019 to August 2023, income grew from $285k to $532k (+86%), an average of +23% a year. The sharpest change came in the year to August 2021, when income rose by 113%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mobile Hope 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 70th percentile within MN. Charities of a similar size with the same main cause include Tawheed Center of Novi Association ($531k), A Storehouse for Jesus ($532k) and 441 Ministries Beechwood Inc ($531k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $129k (29% of expenses). Other salaries and wages came to $130k. At year end it held assets of $938k against liabilities of $4,006, net assets of $934k. It reported 12 employees.