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Hope's Outlet Ministries Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201378628 ✦ Spring lake, MI ✦ Designated as a 501(c)(3)

Overview

What is Hope's Outlet Ministries Inc?

Hope's Outlet Ministries Inc is a nonprofit organization situated in the low-income neighborhoods of Spring Lake, Michigan. Their primary mission is to support the underprivileged in their local communities, addressing both their physical and spiritual needs. The organization achieves this through its thrift store centers, serving around 300-500 individuals daily. A significant majority of these individuals are low-income residents, with approximately 75% relying on government assistance. Hope's Outlet Ministries Inc provides essential items at affordable prices, such as clothing, household necessities, furniture, linens, and kitchenware. The nonprofit employs a team of 62 individuals, dedicating their efforts to uplifting the less fortunate in their community.


Is Hope's Outlet Ministries Inc legitimate?

Hope's Outlet Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope's Outlet 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.

Here are some key statistics you may want to consider:

Executive Compensation: $48,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $713,992

For more financial information, click here


What is the mission statement of Hope's Outlet Ministries Inc?
Who is the CEO of Hope's Outlet Ministries Inc?
What is the revenue of Hope's Outlet Ministries Inc?
Who are the executives of Hope's Outlet Ministries Inc and what are their salaries?
Where can I find the form 990 for Hope's Outlet Ministries Inc?

Mission Statement of Hope's Outlet Ministries Inc

Hope's Outlet Ministries Inc is committed to addressing the physical and spiritual needs of under-resourced individuals within their local communities. The nonprofit organization achieves this mission by operating thrift store centers that engage with an average of 300-500 people daily. The majority of these individuals, around 90%, are low-income, and approximately 75% of them rely on some form of government assistance. Hope's Outlet Ministries Inc serves as a low-cost provider of essential physical items, such as clothing, household necessities like beds, furniture, linens, and kitchenware, to those in need. By providing these basic necessities, the organization helps to alleviate the hardships faced by under-resourced individuals, thereby contributing positively to their overall well-being.

Impact

This information is meant to be a general summary of Hope's Outlet Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 1, 2024

Hope's Outlet Ministries Inc has a significant impact on the under-resourced individuals in low-income neighborhoods in Spring Lake, MI. Their thrift store centers serve as a crucial resource for the community, providing basic physical needs such as clothes, household items like beds, furniture, linens, and kitchenware. With approximately 300-500 people interfacing with their centers daily, Hope's Outlet Ministries Inc plays a vital role in supporting those in need. They serve a clientele where roughly 90% are low income, with about 75% receiving some form of government assistance. Their mission to provide for both the physical and spiritual needs of the under-resourced reflects their commitment to holistic support for the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31
  • Program Service Revenue: $0
  • Gross Receipts: $1,771,844

    • Assets and Liabilities:
  • Total Assets: $549,404
  • Total Liabilities: $152,854
  • Net Assets: $396,550
  • Organization Details

    Founding Year

    2005

    Principal Officer

    Timothy Tabor

    Main Address

    15485 RANNES STREET, SPRING LAKE, MI, 49456

    NTEE Category

    Code: P60 - Human services

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