Future of Hope Family Ministry

Analysis

Future of Hope Family Ministry is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in June 2020, 6 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, Future of Hope Family Ministry reported income of $113k and spending of $94k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $113k (+4.8%), an average of +4.8% a year. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Future of Hope Family Ministry 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 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Roseburg Dream Center Inc ($113k), Kickcancer ($113k) and One Child Inc ($113k).

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 $65k against liabilities of $0, net assets of $65k.