H O P E Ministries Inc

Analysis

H O P E Ministries Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, H O P E Ministries Inc reported income of $130k and spending of $134k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73k to $130k (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H O P E Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within GA. Charities of a similar size with the same main cause include Roccos Voice for Autism Corp ($130k), Haley Rasco Foundation ($130k) and Wings of the Way Inc ($130k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $35k (26% of expenses). Other salaries and wages came to $44k. At year end it held assets of $4,760 against liabilities of $52k, net assets of -$48k. It reported 3 employees.