Raising Hope Ministries Inc

Analysis

Raising Hope Ministries Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Raising Hope Ministries Inc reported income of $330k and spending of $367k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $330k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raising Hope Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Bring Everyone in the Zone ($330k), Clayton County Public Schools Foundation Inc ($330k) and American Trust for the British Lbry ($330k).

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 -$5,821 against liabilities of $0, net assets of -$5,821.