Living Hope Mission Ministries Inc

Analysis

Living Hope Mission Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 2019, 7 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 2022, Living Hope Mission Ministries Inc reported income of $72k and spending of $149k, spending 207% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $258k to $72k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Hope Mission Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Striving for Eternity a NJ Nonprofit Corporation ($72k), Arise Shine Ministries ($72k) and Gregory Frizzell Prayer and Renewal Ministries Inc ($72k).

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 $37k (25% of expenses). Other salaries and wages came to $28k. At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 1 employees.