Global Hope Ministries Inc

Analysis

Global Hope Ministries Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in August 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 July 2024, Global Hope Ministries Inc reported income of $185k and spending of $179k, spending 97% of its income. Across the 4 years on record, from July 2020 to July 2024, income fell from $212k to $185k (-13%), an average of -4.4% a year. The sharpest change came in the year to July 2022, when income rose by 51%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Hope Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Iglesia Bautista El Divino Maestro ($185k), Letmeintroduceyou ($185k) and Mission Foundation Inc ($185k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $939k against liabilities of $246k, net assets of $693k.