Hope and Life Ministry Inc

Analysis

Hope and Life Ministry Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1983, 43 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, Hope and Life Ministry Inc reported income of $79k and spending of $57k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $79k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope and Life Ministry Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include Iglesia Cristiana Restauracion ($79k), Affirmation LGBTQ Mormons Families & Friends ($79k) and Church on the Go ($79k).

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 $369k against liabilities of $0, net assets of $369k.