World Hope Ministries International

Analysis

World Hope Ministries International is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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, World Hope Ministries International reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Hope Ministries International sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include CLC Group Services Inc ($2.3m), Christian Churches Housing Foundation Inc ($2.3m) and Boys & Girls Club of Southwest County ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $572k (25% of expenses). Other salaries and wages came to $334k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 15 employees.