Missionaries of Hope Inc

Analysis

Missionaries of Hope Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Missionaries of Hope Inc reported income of $110k and spending of $100k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $185k to $110k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Missionaries of Hope Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include On Site for Seniors Inc ($110k), Knights Community Hospital Equipment Lend Program ($110k) and Silver Lining Riding Program ($110k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.8m against liabilities of $812k, net assets of $3.0m.