Hope Restored Missions

Analysis

Hope Restored Missions is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Hope Restored Missions reported income of $416k and spending of $371k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $416k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Restored Missions sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Jewish Intuition Inc ($416k), Highland Free School Fund Inc ($416k) and Childrens Discovery Center ($416k).

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 $53k (14% of expenses). Other salaries and wages came to $61k. It paid $9,426 in professional fundraising fees. At year end it held assets of $390k against liabilities of $205k, net assets of $185k. It reported 3 employees.