Hopequest Ministries Inc

Analysis

Hopequest Ministries Inc is a registered charity in United States, based in Dundee, OH. It received its IRS tax-exemption ruling in November 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, Hopequest Ministries Inc reported income of $73k and spending of $71k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $184k to $73k (-61%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hopequest Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Bright Sound Myung Sung Church ($73k), Sold Out Pictures Inc ($73k) and Chris Jacobs Ministries ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.