Mission of Hope Ministries

Analysis

Mission of Hope Ministries is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in August 2003, 23 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, Mission of Hope Ministries reported income of $199k and spending of $147k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $199k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Hope Ministries sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Sjumc Thrift Shop Inc ($199k), Federation Day Care Foundation Inc ($199k) and Iuoe Local 150 Scholarship Fund Inc ($199k).

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 $438k against liabilities of $62k, net assets of $376k.