House of Hope Ministry Inc

Analysis

House of Hope Ministry Inc is a registered charity in United States, based in Lake Orion, MI. It received its IRS tax-exemption ruling in August 2018, 8 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, House of Hope Ministry Inc reported income of $231k and spending of $195k, spending 84% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $171k to $231k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope Ministry Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Christ Cares 4 U Ministries Inc ($231k), At the Table Inc ($231k) and Young County Senior Citizens Association Incorporation ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $62k (32% of expenses). At year end it held assets of $155k against liabilities of $75k, net assets of $79k. It reported 2 employees.