House of Hope Ministries

Analysis

House of Hope Ministries is a registered charity in United States, based in Eaton, CO. It received its IRS tax-exemption ruling in November 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, House of Hope Ministries reported income of $606k and spending of $605k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $58k to $606k (+950%), an average of +119% a year. The sharpest change came in the year to December 2021, when income rose by 629%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, House of Hope Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Saruni International ($606k), Empowered by Light Foundation ($606k) and Childrens Home Project ($606k).

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 $16k (2.7% of expenses). At year end it held assets of $144k against liabilities of $14k, net assets of $130k.