House of Hope Ministries Inc

Analysis

House of Hope Ministries Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in March 2001, 25 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, House of Hope Ministries Inc reported income of $81k and spending of $88k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $81k (-11%), an average of -11% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of Hope Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Xtreme Agape ($81k), Hermitage Spiritual Retreat Center Inc ($81k) and Iglesia Pentecostal Hermanos Unidos En Cristo Inc Faro de Luz ($81k).

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 $15k against liabilities of $18k, net assets of -$2,810.