Voice of Hope Ministries

Analysis

Voice of Hope Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1983, 43 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 2023, Voice of Hope Ministries reported income of $1.0m and spending of $1.4m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.0m (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Voice of Hope Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Charlotte Christian College and Theological Seminary ($1.0m), Vineyard Music Group Incorporated ($1.0m) and El Shalom ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $644k. At year end it held assets of $1.2m against liabilities of $55k, net assets of $1.1m. It reported 36 employees.