Hope Ministries of Northern Kentucky Inc

Analysis

Hope Ministries of Northern Kentucky Inc is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in April 1996, 30 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 December 2023, Hope Ministries of Northern Kentucky Inc reported income of $293k and spending of $266k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $231k to $293k (+27%), an average of +8.2% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Ministries of Northern Kentucky Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Italian Community Center Charitable Foundation of Troy Ny Inc ($292k), Noahs Ark Christian Center ($293k) and Peace House Community ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.