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Nonprofit · EIN 87-2675262

RAISING HOPE MINISTRIES INC

Tax-exempt · MANSFIELD, OH 44906

Financials

$330K$367K2023$200K$170K2024
Revenue Expenses · by fiscal year end
Financials of RAISING HOPE MINISTRIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$200,141$170,286$29,855$24,034$0$24,034
December 31, 2023990$330,236$366,825-$36,589-$5,821$0-$5,821
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$200,141
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$161,550
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,298
Travel
$1,004
Program services (functional)
$170,286

Balance sheet and other

Total assets, start of year
-$5,821
Total assets, end of year
$24,034
Total liabilities, end of year
$0
Net assets, end of year
$24,034
Net assets without donor restrictions
$24,034
Gross receipts
$200,141
Employees
0
Year formed
2021

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TIM BANKSTREASURER
Trustee or director, Officer
1$0
CHERYL BENSONSECRETARY
Trustee or director, Officer
1$0
JOHN BENSONDIRECTOR
Trustee or director
1$0
JAMIE MILLERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TIM BANKSPRESIDENT
Trustee or director, Officer
1$0
CHERYL BENSONSECRETARY
Trustee or director, Officer
1$0
JOHN BENSONDIRECTOR
Trustee or director
1$0
JAMIE MILLERDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2000 MATTHES DR, MANSFIELD, OH 44906-3319
Principal officer (990 for 2024)
TIM BANKS, 2000 MATTHES DR, MANSFIELD, OH 44906
Signed the 990
TIM BANKS, TREASURER
Phone
(419) 631-6160
Return prepared by
WILGING ROUSH & PARSONS CPAS

Mission

RAISE FUNDS TO SUPPORT STUDENTS IN HAITI WITH HOUSING, SCHOOLING AND FOOD

990 for the year ended December 31, 2024

Program accomplishments

  • RAISE FUNDS TO SUPPORT STUDENTS IN HAITI WITH THE DESIRE, MOTIVATION AND SKILLS TO SEEK HIGHER EDUCATIONAL GOALS IN ORDER TO LIVE OUT THEIR CALLING. THIS IS DONE BY PROVIDING HOUSING, SCHOOLING AND FOOD.
    Expenses $170,286 · grants $161,550

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2675262
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$24,034
Income (IRS master file)
$200,141

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$200,141$170,286$24,034XML
990December 2023$330,236$366,825-$5,821XML
990-EZDecember 2022–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2675262).

Questions about RAISING HOPE MINISTRIES INC

What is the EIN of RAISING HOPE MINISTRIES INC?
The employer identification number (EIN) of RAISING HOPE MINISTRIES INC is 87-2675262.
Is RAISING HOPE MINISTRIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to RAISING HOPE MINISTRIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAISING HOPE MINISTRIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RAISING HOPE MINISTRIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RAISING HOPE MINISTRIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RAISING HOPE MINISTRIES INC?
The 990 for the year ended December 31, 2024 names TIM BANKS.
Who are the officers and directors of RAISING HOPE MINISTRIES INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does RAISING HOPE MINISTRIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $200,141, expenses of $170,286 and total assets of $24,034 at year end.

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