Hope Unlimited Ministries

Analysis

Hope Unlimited Ministries is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in November 1996, 30 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, Hope Unlimited Ministries reported income of $137k and spending of $126k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $137k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Unlimited Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Fpac Ministries ($137k), R3 Ministry Network Inc ($137k) and Awema International ($137k).

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 $29k against liabilities of $0, net assets of $29k.