Hope in Jesus Ministries

Analysis

Hope in Jesus Ministries is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 2016, 10 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 April 2024, Hope in Jesus Ministries reported income of $119k and spending of $116k, spending 97% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $97k to $119k (+23%), an average of +23% a year. The sharpest change came in the year to April 2024, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope in Jesus Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within RI. Charities of a similar size with the same main cause include Pearce Foundation Inc ($119k), Chinese Christian Love Unity Club ($119k) and Global Faith Institute Inc ($119k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.