HEART OF HOPE MINISTRIES

ROCK ISLAND, IL, 61201-2544 (309) 428-4752 Est. 2009 EIN 27-0650299

P40 - Family Services 990 - Public charity return 501(c)(3)

www.heartofhopeqc.com

Mission

Heart of Hope Ministries Mission is spread by the community programs it offers to the needing public in the Quad City area consisting of the following: Food pantry, charitable outreach, and ministry.

Financials

Total Revenue

$1,190,264

Total Expenses

$1,057,974

Net Assets

$643,384

5 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

7.3 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 62.1%

Expenses ↑ 47.3%

Revenue Sources

Contributions 99.9% Earned revenue 0.1%

Expense Breakdown

Program 86.7% Management 8.3% Fundraising 5.0%

Officers & Key Employees (7)

Individual compensation is available on Grow plans.

Grants Received (26)

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Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$1,190,264 ↑	$1,057,974	$643,384
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$734,219 ↑	$718,203	$511,094
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$288,441	$151,088	$495,078