Ray of Hope Mission Center

Analysis

Ray of Hope Mission Center is a registered charity in United States, based in Port Deposit, MD. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ray of Hope Mission Center reported income of $299k and spending of $309k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $299k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ray of Hope Mission Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Compassions Foundation ($299k), Meals for Seniors Inc ($299k) and Mustard Tree Ministries Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $44k (14% of expenses). Other salaries and wages came to $111k. At year end it held assets of $579k against liabilities of $122k, net assets of $457k. It reported 9 employees.