Place of Hope Ministries Inc

Analysis

Place of Hope Ministries Inc is a registered charity in United States, based in Morrow, GA. It received its IRS tax-exemption ruling in July 2002, 24 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 (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, Place of Hope Ministries Inc reported income of $474k and spending of $497k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $938k to $474k (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Place of Hope Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Chicago Foundlings Home ($474k), Neshoba Community Center Inc ($474k) and Ruths House Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 100% of the total. Other salaries and wages came to $264k. At year end it held assets of $83k against liabilities of $0, net assets of $83k.