Hoe Ministries Inc

Analysis

Hoe Ministries Inc is a registered charity in United States, based in Wilton, CT. It received its IRS tax-exemption ruling in April 2008, 18 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 December 2023, Hoe Ministries Inc reported income of $119k and spending of $175k, spending 147% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $36k to $119k (+228%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 285%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hoe Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Bicycles for Humanity - Colorado ($119k), Elysium Between Two Continents Inc ($119k) and Touch Nepal Inc ($119k).

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 $12k (6.9% of expenses). At year end it held assets of $83k against liabilities of $0, net assets of $83k. It reported 1 employees.