Budding Hope Ministries is located in Huntsville, AL. The organization was established in 2019. According to its NTEE Classification (P73) the organization is classified as: Group Homes, 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. Budding Hope Ministries 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 undefined, Budding Hope Ministries generated $6.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.2k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (51.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
MINISTRY SERVICES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Driver Board Secretary | 3 | $0 | |
Jess Mccay Board Member | 3 | $0 | |
Judah Walker Board Chair | 3 | $0 | |
Sara Laster Executive Director | 8 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,361 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,361 |
| Statement of Expenses | |
|---|---|
| Total expenses | $1,180 |
| Balance Sheet | |
|---|---|
| Total assets | $15,259 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,259 |