The Hopequest Ministry Group Inc

Analysis

The Hopequest Ministry Group Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, The Hopequest Ministry Group Inc reported income of $2.3m and spending of $2.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.3m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Hopequest Ministry Group Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Rehabilitation Systems Inc ($2.3m), Healing Action Network Inc ($2.3m) and Cook Community Clinic Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $93k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.6m against liabilities of $643k, net assets of $933k. It reported 41 employees.