Love and Hope Mission Corp

Analysis

Love and Hope Mission Corp is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Love and Hope Mission Corp reported income of $231k and spending of $195k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $310k to $231k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Love and Hope Mission Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Womens Federation for World Peace International Inc ($231k), Studio Samuel Foundation Inc ($231k) and Tulsa Global Alliance Inc ($230k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $566k against liabilities of $0, net assets of $566k.