MJ 4 Hope

Analysis

MJ 4 Hope is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MJ 4 Hope reported income of $295k and spending of $317k, spending 107% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $236k to $295k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 189%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, MJ 4 Hope sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Cleveland Jazz Orchestra ($295k), Temple Symphony Orchestra ($295k) and Mid American Veterans Museum ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 1 employees.