Heart of Hope Ministries International

Analysis

Heart of Hope Ministries International is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in October 1999, 27 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 May 2024, Heart of Hope Ministries International reported income of $241k and spending of $270k, spending 112% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $210k to $241k (+15%), an average of +2.8% a year. The sharpest change came in the year to May 2022, when income rose by 181%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart of Hope Ministries International sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include One Way Love Inc ($241k), Longchen Nyingtik Institute ($242k) and New Jerusalem Missions ($241k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). At year end it held assets of $154k against liabilities of $284, net assets of $154k. It reported 1 employees.