Hope Food and Clothing Ministry

Analysis

Hope Food and Clothing Ministry is a registered charity in United States, based in Aubrey, TX. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Food and Clothing Ministry reported income of $58k and spending of $34k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $58k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Food and Clothing Ministry sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Logos Ministries Inc ($58k), Frankfort Lions Charities Inc ($58k) and Sos International Inc ($58k).

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 $48k against liabilities of $0, net assets of $48k.