Hope Street Ministries Inc

Analysis

Hope Street Ministries Inc is a registered charity in United States, based in Downsville, LA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Street Ministries Inc reported income of $58k and spending of $57k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $58k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Street Ministries Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within LA. Charities of a similar size with the same main cause include Connect Ability ($58k), Mbaise Family Association Inc ($58k) and Lindsay Family Foundation Inc ($58k).

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 $2,343 against liabilities of $0, net assets of $2,343.