Home of Hope Ministries

Analysis

Home of Hope Ministries is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in November 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 (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, Home of Hope Ministries reported income of $84k and spending of $80k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $84k (+9.8%), an average of +9.8% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Hope Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Sertoma Senior Citizens Center Inc ($84k), Comedy Cures Foundation Inc ($84k) and Parenteen ($84k).

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 $34k against liabilities of $0, net assets of $34k.