Hope for the Children Ministries Inc

Analysis

Hope for the Children Ministries Inc is a registered charity in United States, based in Hudson, FL. 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 for the Children Ministries Inc reported income of $300k and spending of $110k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $239k to $300k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope for the Children Ministries Inc 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 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Good Samaritan Ministries ($300k), Earth & Soul ($300k) and Jmission ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $6,000 (5.5% of expenses). At year end it held assets of $378k against liabilities of $14k, net assets of $364k.