Assured Hope Ministries Inc

Analysis

Assured Hope Ministries Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Assured Hope Ministries Inc reported income of $193k and spending of $189k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $248k to $193k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Assured Hope Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within AZ. Charities of a similar size with the same main cause include Lighthouse Network Inc ($193k), Organization for Hindu Religion and Culture ($193k) and Grace Christian Academy Foundation ($192k).

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 $32k (17% of expenses). It paid $4,000 in professional fundraising fees. At year end it held assets of $20k against liabilities of $0, net assets of $20k. It reported 1 employees.