Joy of Hope Ministry Inc

Analysis

Joy of Hope Ministry Inc is a registered charity in United States, based in Santa Claus, IN. It received its IRS tax-exemption ruling in December 2019, 7 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, Joy of Hope Ministry Inc reported income of $55k and spending of $55k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $55k (-3.4%), an average of -3.4% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joy of Hope Ministry Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Breakin Bread Ministries Inc ($55k), Sponsor a Child in Need Corp ($55k) and Reachsa ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,717 against liabilities of $0, net assets of $1,717.