Overview
What is Hope Ministries Inc?
Hope Ministries Inc, based in Zionsville, Indiana, is a nonprofit organization dedicated to serving impoverished women and children in the larger cities of Nicaragua. Their mission encompasses evangelizing the Christian gospel, leading small groups, and offering relational care to those they assist. By providing this support, Hope Ministries aims to make a positive impact in the lives of the less fortunate individuals in Nicaragua, demonstrating their commitment to both domestic and international service. With a modest team of 1 employee, Hope Ministries continues its mission, spreading the message of faith and offering compassionate care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating reflects a strong emphasis on accountability and finance, as it is based solely on one beacon score in these areas. The charity's score indicates a commitment to responsible financial practices and governance.
Hope Ministries Inc demonstrates noteworthy strengths, particularly in its governance structure. The organization boasts a fully independent board with ten members, and there have been no material diversions of assets reported. Furthermore, it has established a conflict of interest policy and consistently documents board meeting minutes, which enhances its transparency and accountability.
On the financial side, Hope Ministries Inc excels with a program expense ratio of 96.03%, indicating that the majority of its funds are directed toward its programs rather than administrative costs. Additionally, the organization has a liabilities to assets ratio of 0.00%, showcasing strong financial health. While the overall score is commendable, it is calculated from a single category, suggesting that further evaluations in other areas could provide a more comprehensive understanding of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Ministries Inc legitimate?
Hope Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,850
For more financial information, click here
What is the mission statement of Hope Ministries Inc?
Hope Ministries Inc's mission is centered around spreading the Christian gospel both domestically and internationally. They achieve this through various means, including witnessing the gospel, offering service to others, and providing care to the less fortunate. Their missionary activities extend to Nicaragua, particularly focusing on women and children living in poverty in the country's largest cities. Beyond preaching the gospel, they also engage in small group leadership and offer relational care to those they serve.
Who is the CEO of Hope Ministries Inc?
Robert B Wingerter is the President of Hope Ministries Inc.
What is the revenue of Hope Ministries Inc?
Hope Ministries Inc's revenue in 2022 was $149,765.
Who are the executives of Hope Ministries Inc and what are their salaries?
The average compensation at Hope Ministries Inc during 2022 was $80,850. There is 1 employee and 45 volunteers at Hope Ministries Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope Ministries Inc?
Hope Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Ministries Inc
Hope Ministries Inc, a Christian organization, is dedicated to spreading the message of the gospel both domestically and internationally. Their mission is threefold: witnessing the gospel, serving others, and providing care to those less fortunate. In particular, they focus on women and children in the poorer sections of large cities, such as Nicaragua. Through their missionary work, Hope Ministries Inc offers small group leadership and relational care to the individuals they serve. Their approach is not solely about preaching the gospel, but also about building meaningful connections and providing support to those in need.
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Impact
October, 2024
Hope Ministries Inc makes a significant impact through its dedicated efforts in Christian missionary activities both in the U.S. and abroad, particularly in Nicaragua. By focusing on women and children in impoverished areas of major cities, the organization not only preaches the gospel but also engages in small group leadership and relational care, fostering a supportive community for those in need. Their commitment to service and care for the less fortunate amplifies their mission to spread the Christian message, creating a ripple effect of hope and positive change in the lives of many.
This information is meant to be a general summary of Hope Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $149,765
Assets and Liabilities:
- Total Assets: $159,141
- Total Liabilities: $0
- Net Assets: $159,141
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Organization Details
Founding Year
1994
Phone
(317) 695-4150Principal Officer
Robert B Wingerter
Main Address
9902 East 200 South, Zionsville, IN, 46077
NTEE Category
Code: X20 - Religion related
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