Hope 101 Ministry Inc

Analysis

Hope 101 Ministry Inc is a registered charity in United States, based in Newaygo, MI. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hope 101 Ministry Inc reported income of $98k and spending of $83k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $51k to $98k (+91%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope 101 Ministry Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Affordable Housing of Bloomington Inc ($98k), Association of Zone A&b Homeowners Subsidiary Inc ($98k) and Fellowship Apartments Inc ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $257k against liabilities of $1,773, net assets of $255k. It reported 3 employees.