Hope Missions of the Upstate

Analysis

Hope Missions of the Upstate is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Missions of the Upstate reported income of $352k and spending of $239k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $352k (+73%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Missions of the Upstate sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Hope International ($352k), Florence Villa Community Development Corporation ($352k) and Halifax Regional Development Foundation Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $219k against liabilities of $1,179, net assets of $218k. It reported 5 employees.