Moments of Hope Outreach Inc

Analysis

Moments of Hope Outreach Inc is a registered charity in United States, based in Hanover, VA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Moments of Hope Outreach Inc reported income of $2.2m and spending of $2.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $2.2m (+379%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 415%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Moments of Hope Outreach Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include United Way of West Central Ms ($2.2m), Capitol Ministries ($2.2m) and Anchor Impact Fund Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (0.8% of expenses). Other salaries and wages came to $223k. At year end it held assets of $898k against liabilities of $18k, net assets of $880k. It reported 6 employees.