Hope Ministries Inc

Analysis

Hope Ministries Inc is a registered charity in United States, based in Senatobia, MS. It received its IRS tax-exemption ruling in August 1983, 43 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 Inc reported income of $152k and spending of $151k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $152k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within MS. Charities of a similar size with the same main cause include Bloom Enterprises of Georgia Inc ($152k), Humanist Society of Greater Phoenix ($153k) and Tomeich Yisroel Inc ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.