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
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Clarence Miles Maintenace | 3/30/22 | $6,000 |
Eyshanik Kelly Nurse | 3/30/22 | $9,370 |
Overbrook Organics Llc Tutor | 3/30/22 | $14,360 |
Eri Ros Rob Llc Tutor | 3/30/22 | $14,360 |
Clarence Miles Maintenace | 3/30/22 | $6,000 |
Eyshanik Kelly Nurse | 3/30/22 | $9,370 |
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 |
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 |
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