His Hope Ministries Inc

Analysis

His Hope Ministries Inc is a registered charity in United States, based in Denton, MD. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, His Hope Ministries Inc reported income of $626k and spending of $574k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $457k to $626k (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, His Hope Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include St Stephens Retirement Center Inc ($625k), Henderson Village Corporation ($626k) and Volunteers of America Inc ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.9% of the total. Other salaries and wages came to $268k. At year end it held assets of $376k against liabilities of $29k, net assets of $347k. It reported 16 employees.