Hope Network Ministries

Analysis

Hope Network Ministries is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in August 1998, 28 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, Hope Network Ministries reported income of $483k and spending of $505k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $618k to $483k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Network Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Faithaction International House ($483k), Family of Christ USA Inc ($483k) and Overcomer Foundation ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $82k (16% of expenses). At year end it held assets of $141k against liabilities of $14k, net assets of $127k.