Streams of Hope Ministries International Inc

Analysis

Streams of Hope Ministries International Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Streams of Hope Ministries International Inc reported income of $60k and spending of $48k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $60k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Streams of Hope Ministries International Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Brewhaus Bakery Co ($60k), Good Samaritan Ministry Inc ($60k) and Community Apartments Corporation of Burke County ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.