Greenville, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hope of Glory Ministries Inc, founded in 2001, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $338K, a strong 27% operating margin.
Hope of Glory Ministries is committed to sharing the gospel of Jesus Christ, relieving burdens, and empowering families towards lasting change. Our services cultivate financial stability in families by relieving food cost burdens and empowering them towards self-sufficient living without the need of long-term government or charity assistance.
Community Outlet: A "thrift like" store, receiving donated items from over 1,500 community supporters. The store offers our community and co-op families more affordable clothing, household, and...
Community Outlet: A "thrift like" store, receiving donated items from over 1,500 community supporters. The store offers our community and co-op families more affordable clothing, household, and furniture options for their homes. This thrift store provides 12-15 jobs and occasional workforce development opportunities each year. Volunteers serve alongside our thrift store staff to ensure quality clothing options and excellent customer service.
Empowerment Program: Cultivating personal responsibility through community accountability. This innovative approach to food distribution holistically serves the entire family unit by providing...
Empowerment Program: Cultivating personal responsibility through community accountability. This innovative approach to food distribution holistically serves the entire family unit by providing financial mentors, food cost savings, educational classes, and requiring a monthly investment by the family. Members redistribute a monthly average of $100-$175 money saved towards debt and savings. This "buy-in" model instills accountability, relieves burdens and empowers low-income, working poor, and fixed income families towards financial stability.
Community Support: Seeking to help individuals move from burdened to balance in three specific ways. One way is through emergency clothing vouchers distributed through our thrift store at no cost to...
Community Support: Seeking to help individuals move from burdened to balance in three specific ways. One way is through emergency clothing vouchers distributed through our thrift store at no cost to families in crisis. The second way is offering various workforce development opportunities. And a third way is supporting other local ministries.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,267,896 | $900,260 | +0.4% |
| Expenses | $929,816 | $776,680 | +0.2% |
| Net Income | $338,080 | $123,580 | +1.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | President | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Secretary/Treasurer | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.3 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.3 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.3 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.3 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.3 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,267,896 | $929,816 | $1,160,733 | $338,080 |
| 2022 | $900,260 | $776,680 | $834,522 | $123,580 |
| 2021 | $848,471 | $741,859 | $688,363 | $106,612 |
| 2020 | $727,007 | $607,573 | $587,664 | $119,434 |
| 2019 | $629,432 | $610,629 | $461,264 | $18,803 |
| 2018 | $638,650 | $594,403 | $448,427 | $44,247 |
Compare Hope of Glory Ministries Inc with other nonprofits in North Carolina and across the country.