Budding Hope Ministries
- Assets
- $15.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 84-2308724
Organization Overview
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 06/2022, Budding Hope Ministries generated $6.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (66.1%) per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
MINISTRY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Mccay Board Member | 3 | $0 | |
Anita Driver Board Secretary | 3 | $0 | |
Sara Laster Executive Director | 8 | $0 | |
Judah Walker Board Chair | 3 | $0 |
Financial Statements
| 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 | |
|---|---|
| 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 | $0 |
| Printing, publications, postage, and shipping | $350 |
| Other expenses | $550 |
| Total expenses | $1,180 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,259 |
| Other assets | $0 |
| Total assets | $15,259 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,259 |
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