Hope Ministries Inc
- Assets
- $169.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, TN
- Founding
- 03/1996
- Data as of
- 06/2022
- EIN
- 62-1626556
Organization Overview
Hope Ministries Inc is located in Lexington, TN. The organization was established in 1996. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Hope Ministries Inc generated $48.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $41.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Byrd Treasurer | 3 | $0 | |
Mary Livingston President | 16 | $0 | |
Ruby Culps Director | 8 | $0 | |
Clarissa Weathers Director | 8 | $0 | |
Ann Irwin Director | 8 | $0 | |
Chris Dangler Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,277 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $552 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,428 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $280 |
| Occupancy, rent, utilities, and maintenance | $8,260 |
| Printing, publications, postage, and shipping | $305 |
| Other expenses | $32,120 |
| Total expenses | $40,965 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,410 |
| Other assets | $0 |
| Total assets | $169,630 |
| Total liabilities | $0 |
| Net assets or fund balances | $169,630 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Ministries Inc has recieved totaling $27,308.
| Awarding Organization | Amount |
|---|---|
Second Harvest Food Bank Of Middle Tennessee Inc Nashville, TN PURPOSE: TO ASSIST IN FEEDING HUNGRY PEOPLE | $27,303 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
Community Action Agency Of Greater Kansas City Kansas City, MO | $3,181,804 | $8,038,211 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Operation Bbq Relief Peculiar, MO | $14,879,386 | $7,436,557 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |
Raleigh Rescue Mission Incorporated Raleigh, NC | $5,794,848 | $6,401,459 |
Rowan Helping Ministries Salisbury, NC | $5,312,011 | $5,506,576 |