Door of Hope Ministries Inc

Analysis

Door of Hope Ministries Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Door of Hope Ministries Inc reported income of $85k and spending of $127k, spending 150% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $132k to $85k (-36%), an average of -36% a year. The sharpest change came in the year to August 2023, when income dropped by 36%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Door of Hope Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include San Antonio Military Medical Center Alumni Association ($85k), North Central Iowa Sto Inc ($85k) and Northside Christian Scholarship Fund ($85k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $231k against liabilities of $173k, net assets of $57k.