Greater Hope Ministries Inc
- Assets
- $457.9k
- Revenue
- $993.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Philadelphia, PA
- Founding
- 07/2014
- Data as of
- 03/2022
- EIN
- 20-2281760
Organization Overview
Greater Hope Ministries Inc is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 03/2022, Greater Hope Ministries Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Hope Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Greater Hope Ministries Inc generated $993.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $819.7k during the year ending 03/2022. While expenses have increased by 33.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL SERVICES AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICES AND EDUCATION
SOCIAL SERVICES AND EDUCATION
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clarence Miles Maintenace | 3/30/22 | $6,000 |
Eri Ros Rob Llc Tutor | 3/30/22 | $14,360 |
Clarence Miles Maintenace | 3/30/22 | $6,000 |
Overbrook Organics Llc Tutor | 3/30/22 | $14,360 |
Eyshanik Kelly Nurse | 3/30/22 | $9,370 |
Eyshanik Kelly Nurse | 3/30/22 | $9,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $923,662 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $106,733 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,877 |
| Payroll taxes | $58,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $288 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,000 |
| Travel | $7,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,980 |
| All other expenses | $195,379 |
| Total functional expenses | $819,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,020 |
| Accounts receivable, net | $22,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $253,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $97,081 |
| Other liabilities | $0 |
| Total liabilities | $97,081 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $186,829 |
| Retained earnings, endowment, accumulated income, or other funds | $173,973 |
| Total liabilities and net assets/fund balances | $457,883 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Hope Ministries Inc has recieved totaling $65,065.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $65,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Endowment Analysis
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