North Carolina · Nonprofit
Hope of Glory Ministries Inc
Hope of Glory Ministries Inc (North Carolina) receives grants from 17 organizations whose IRS filings report $864,067 to it, the largest being EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC ($192,500). 9 of them have funded it in more than one year.
- Revenue FY2024
- $1.2M
- Funders on record
- 17
- Grants received
- $864k
- Net assets
- $1.2M
What Hope of Glory Ministries Inc does
Mission
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.
As stated on its FY2024 Form 990.
Programs
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.
$659,247 spent$585,331 earned by the program72% of program spendingEmpowerment 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.
$230,428 spent$14,950 earned by the program25% of program spendingCommunity 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.
$25,136 spent3% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $914,811.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $835k to $1.2M (+39%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
51% of Hope of Glory Ministries Inc’s revenue is contributions — about as donation-reliant as the typical peer (90% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 12 funders, grant income rose $68k → $228k.
4 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 4% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Hope of Glory Ministries Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Hope of Glory Ministries Inc has a broad base — no single funder exceeds 22% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2017 89% · 2018 56% · 2019 54% · 2020 54% · 2021 21% · 2022 22% · 2023 22% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
56% of Hope of Glory Ministries Inc's funders are still giving 3 years after their first grant; 53% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
74% of Hope of Glory Ministries Inc's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $36k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Hope of Glory Ministries Inc runs a healthier operating margin than half of the 2,394 religion nonprofits its size.
this organization peer median middle 50% of peers· 2,394 religion nonprofits $1M–$10M, FY2024
Organizations like Hope of Glory Ministries Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Public support
90%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Hope of Glory Ministries Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Hope of Glory Ministries Inc?
- Hope of Glory Ministries Inc (North Carolina) receives grants from 17 organizations whose IRS filings report $864,067 to it, the largest being EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC ($192,500). 9 of them have funded it in more than one year.
- How many funders does Hope of Glory Ministries Inc have?
- IRS filings report 17 organizations giving $864,067 in grants to Hope of Glory Ministries Inc, 9 of which have funded it in more than one year.
- Who is the largest funder of Hope of Glory Ministries Inc?
- EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC is the largest funder on record, with $192,500 in grants. The full list of funders is on this page.
- How can an organization like Hope of Glory Ministries Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Hope of Glory Ministries →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 17 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing