Hope International Ministries Inc

Analysis

Hope International Ministries Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1973, 53 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 June 2023, Hope International Ministries Inc reported income of $9.7m and spending of $8.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $9.7m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope International Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Ron Wilson Center for Effective Living Inc ($9.7m), Tucson Center for Women and Children ($9.7m) and Lindner Center of Hope Professional Associates ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $86k (1.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $15.5m against liabilities of $75k, net assets of $15.4m. It reported 54 employees.