Hope International Ministries Inc

EIN: 620879012 501(c)(3) Human Services

Tampa, FL

Total Revenue
$7,185,280
Total Expenses
$7,751,397
Total Assets
$15,038,135
Net Assets
$14,863,249
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
FL
Principal Officer
Matt Higgins
Phone
8139611214
Tax Period
2024-07-01 to 2025-06-30

Hope International Ministries Inc, founded in 1968, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $14.9M represent 25 months of operating reserves.

Mission

To rescue the next generation. This organization provides a stable and loving christian home for displaced children. The care of these children includes food, shelter, education and faith based activities.

Program Service Accomplishments

Program 1
Expenses: $6,912,192

Founded in 1968 Hope International Ministries Inc. has been rescuing children for more than 50 years. Theses children are from abusive, orphaned, and neglected situations and come to the ministry...

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Founded in 1968 Hope International Ministries Inc. has been rescuing children for more than 50 years. Theses children are from abusive, orphaned, and neglected situations and come to the ministry from Florida and all around the world. Located in Tampa, FL on 55 acres of beautiful woodlands, the staff of Hope live on campus, which enables them to provide around the clock care and support to the resident children. In 2023, Hope cared for 145 children, providing not just a loving home, but also a quality education in their educational program. Hope cares for children from infants through 18 years old, providing education from preschool through high school. The graduation rate of the program far exceeds state wide averages.Over 90% of the children continue on to pursue a college education, and Hope provides tuition assitance to those graduates in the form of scholarships and internship/work programs. The organization is supported 100% through contributions from individuals, churches, and organizations.In September 2019, a 2nd US campus was opened. This children's home is located in Clovis, New Mexico and continues the mission by rescuing children in that and the surrounding area. This campus continues to construct and expand its residential facilities so that it can care for additional children.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,941,180
Program Service Revenue $0
Investment Income $174,192
Other Revenue $69,908
TOTAL REVENUE $7,185,280

Expense Breakdown

Grants Paid $1,964,535
Salaries & Benefits $1,782,160
Fundraising Expenses $461,378
Program Expenses $6,912,192
Other Expenses $4,004,702
TOTAL EXPENSES $7,751,397

Year-over-Year Comparison

2024 2023 Change
Revenue $7,185,280 $6,456,308 +0.1%
Expenses $7,751,397 $6,914,901 +0.1%
Net Income $-566,117 $-458,593 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
54
Volunteers
350

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$63,042
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Thompson Board Member 1.00
Director
$0 $0 $0
Matt Goins Board Member 1.00
Director
$0 $0 $0
Carl Roeder Treasurer 1.00
Officer Director
$0 $0 $0
David Harper Secretary 1.00
Officer Director
$0 $0 $0
Herbert Hubbard Chairman 1.00
Officer Director
$0 $0 $0
Matt Higgins CEO 65.00
Officer
$43,014 $20,028 $63,042
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,185,280 $7,751,397 $15,038,135 $-566,117
2024 $6,456,308 $6,914,901 $15,378,642 $-458,593
2023 $9,678,727 $8,241,356 $15,454,993 $1,437,371
2022 $7,734,055 $6,487,514 $13,733,063 $1,246,541
2022 $8,373,355 $6,811,528 $13,812,534 $1,561,827
2021 $5,337,586 $4,092,097 $12,730,525 $1,245,489
2020 $4,920,862 $4,216,506 $11,695,764 $704,356
2019 $6,204,968 $4,346,921 $11,146,961 $1,858,047
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