Hope and Purpose Ministries

Analysis

Hope and Purpose Ministries is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in July 2017, 9 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 and Purpose Ministries reported income of $208k and spending of $229k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $208k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope and Purpose Ministries sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Kuan-Yin Buddhist Association of Orlando Corporation ($208k), Kingdom Church Texas Inc ($208k) and Restoration Ministries Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $12k against liabilities of $6,110, net assets of $5,449.

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.