Hope Ministries of the Upstate

Analysis

Hope Ministries of the Upstate is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries of the Upstate reported income of $105k and spending of $95k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $105k (+14%), an average of +14% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Ministries of the Upstate sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within SC. Charities of a similar size with the same main cause include Glory to God International Ministries Inc ($105k), Commonwealth Cares Inc ($105k) and About Behavioral Change Ltd ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.