Our Lady of Hope Inc

Analysis

Our Lady of Hope Inc is a registered charity in United States, based in Osyka, MS. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Our Lady of Hope Inc reported income of $2.4m and spending of $1.5m, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $2.4m (+121%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Our Lady of Hope Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Ohr Naava ($2.4m), Pasadena Methodist Foundation ($2.4m) and Congregation Bnai Brith Hillel ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $197k. At year end it held assets of $4.8m against liabilities of $1.3m, net assets of $3.4m. It reported 5 employees.