Sharing Hope Ministry Inc

Analysis

Sharing Hope Ministry Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in March 2002, 24 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, Sharing Hope Ministry Inc reported income of $687k and spending of $680k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $687k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sharing Hope Ministry Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Joy Media Ministries ($687k), Vine Outreach Ministries Inc ($687k) and Christ for You ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $239k. At year end it held assets of $2.7m against liabilities of $13k, net assets of $2.7m. It reported 19 employees.