Center of Hope Ministries

Analysis

Center of Hope Ministries is a registered charity in United States, based in Andersonville, TN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Center of Hope Ministries reported income of $236k and spending of $46k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $184k to $236k (+28%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Hope Ministries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Joining Hands Visitation ($236k), Lazarus Ministries KC ($236k) and Everyones Dream Come True ($236k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (35% of expenses). At year end it held assets of $314k against liabilities of $0, net assets of $314k.