Abundant Life Ministries Hope House Incorporated

Analysis

Abundant Life Ministries Hope House Incorporated is a registered charity in United States, based in Bunnell, FL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Abundant Life Ministries Hope House Incorporated reported income of $491k and spending of $418k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $491k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abundant Life Ministries Hope House Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include California Tribal College ($491k), Jackson Mann Community School Council Inc ($491k) and McIntosh Area School Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $65k (16% of expenses). It paid $3,083 in professional fundraising fees. At year end it held assets of $759k against liabilities of $247k, net assets of $512k. It reported 13 employees.