Hope Ministries of Baton Rouge

Analysis

Hope Ministries of Baton Rouge is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Hope Ministries of Baton Rouge reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $739k to $1.9m (+156%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Ministries of Baton Rouge sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Family Housing Resources Inc ($1.9m), Second Heart Homes Inc ($1.9m) and Partners in Action Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $117k (5.8% of expenses). Other salaries and wages came to $776k. At year end it held assets of $2.0m against liabilities of $122k, net assets of $1.9m. It reported 21 employees.