Hope For The Future Ministries
- Assets
- $116.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 11-2967943
Organization Overview
Hope For The Future Ministries is located in Farmingdale, NY. The organization was established in 1990. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For The Future 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 12/2021, Hope For The Future Ministries generated $87.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $120.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE PRIMARY PURPOSE OF THE MINISTRY IS TO FEED THE NEEDY ON THE STREETS OF NEW YORK. THE MINISTRY WAS ABLE TO HAVE AT LEASR THREE WEEKLY OUTREACH PROGRAMS TO DISTRIBUTE FOOD & CLOTHING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Dunne Treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,731 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,639 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,370 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,101 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $39,321 |
| Printing, publications, postage, and shipping | $245 |
| Other expenses | $50,618 |
| Total expenses | $120,285 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,812 |
| Other assets | $0 |
| Total assets | $116,304 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,304 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope For The Future Ministries has recieved totaling $2,036.
| Awarding Organization | Amount |
|---|---|
Bobs Discount Furniture Charitable Foundation Inc Oakdale, CT PURPOSE: FOR EXEMPT PURPOSE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Mercy Life Inc West Springfield, MA | $6,533,362 | $24,380,335 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |
The Lehigh Conference Of Churches Allentown, PA | $5,159,637 | $6,852,485 |