Finding Hope Ministries

Analysis

Finding Hope Ministries is a registered charity in United States, based in Taylorsville, NC. It received its IRS tax-exemption ruling in August 2016, 10 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, Finding Hope Ministries reported income of $530k and spending of $249k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $530k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finding Hope 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 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Billerica Community Pantry Inc ($530k), Nurturing Center Inc ($530k) and Saint Provision CDC ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.