Mission of Hope

Analysis

Mission of Hope is a registered charity in United States, based in Dora, AL. It received its IRS tax-exemption ruling in October 2004, 22 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, Mission of Hope reported income of $214k and spending of $222k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $214k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Hope sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Living Encouraged Ministries ($214k), Friends of the Anglican Center in Santiago de Compostela Inc ($214k) and Nutrition Security Solutions Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $44k (20% of expenses). Other salaries and wages came to $4,400. At year end it held assets of $858k against liabilities of $2,359, net assets of $856k. It reported 1 employees.