Dawn of Hope Ministries

Analysis

Dawn of Hope Ministries is a registered charity in United States, based in Florissant, CO. It received its IRS tax-exemption ruling in April 2016, 10 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, Dawn of Hope Ministries reported income of $1.0m and spending of $776k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $631k to $1.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dawn of Hope Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Hindu Temple of Frisco ($1.0m), Enright Foundational Ministries Inc ($1.0m) and Bear Paw Ministries ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $40k (5.1% of expenses). Other salaries and wages came to $154k. At year end it held assets of $370k against liabilities of $511k, net assets of -$142k. It reported 18 employees.