Hope Preserved Ministries

Analysis

Hope Preserved Ministries is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in June 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 Preserved Ministries reported income of $70k and spending of $76k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $70k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Preserved Ministries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within AR. Charities of a similar size with the same main cause include Tab Smith Ministries Inc ($70k), Restoration Fellowship in Messiah ($70k) and The Path Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.