Hope for Korah Ministries USA

Analysis

Hope for Korah Ministries USA is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 for Korah Ministries USA reported income of $212k and spending of $214k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $178k to $212k (+19%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope for Korah Ministries USA sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Vera Aqua Vera Vita ($212k), Tesfatsidek Zewaghemra Ministries ($213k) and Chalice Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $125k, net assets of $6,938.