Living Hope Ministries Inc

Analysis

Living Hope Ministries Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in January 1997, 29 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 May 2024, Living Hope Ministries Inc reported income of $413k and spending of $314k, leaving 24% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income fell from $537k to $413k (-23%), an average of -5.1% a year. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Hope Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Eyes Wide Open Ministries Inc ($412k), United Family Associates Foundation ($413k) and Chabad of Medford Inc ($412k).

On its Form 990 for the period ending May 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 $78k (25% of expenses). Other salaries and wages came to $115k. At year end it held assets of $936k against liabilities of $0, net assets of $936k. It reported 5 employees.