Advent Hope Ministries Inc

Analysis

Advent Hope Ministries Inc is a registered charity in United States, based in Carrollton, KY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Advent Hope Ministries Inc reported income of $230k and spending of $277k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $230k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Advent Hope Ministries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Visionledd USA ($230k), River of Life Christian Church Inlas Vegas ($230k) and Gathering Ministries ($230k).

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 $214k against liabilities of $0, net assets of $214k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.