Beacon of Hope Ministry

Analysis

Beacon of Hope Ministry is a registered charity in United States, based in Montevallo, AL. It received its IRS tax-exemption ruling in April 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, Beacon of Hope Ministry reported income of $91k and spending of $80k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $91k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beacon of Hope Ministry sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Therapy Clinics International Inc ($91k), We Are One Ministries Inc ($91k) and Rick Shelton Ministries Inc ($91k).

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 $37k against liabilities of $0, net assets of $37k.