Assembly of God Hope and Life

Analysis

Assembly of God Hope and Life is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Assembly of God Hope and Life reported income of $231k and spending of $180k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $220k to $231k (+4.9%), an average of +4.9% a year. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Assembly of God Hope and Life sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Stained Glass Players ($231k), Native Missionary Movement ($231k) and Rock Campus Outreach ($231k).

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 $57k (32% of expenses). At year end it held assets of $316k against liabilities of $161k, net assets of $155k.