Type to search

Ministry Spotlight Uncategorized

Ministry Spotlight: Hope Media Group

Significant changes in part the result of merger with WAY Media

Avatar photo

This month, Hope Media Group’s overall MinistryWatch rating fell from 2 stars to 1 star.

Headquartered in Houston, Texas, Hope Media Group owns radio station KSBJ, as well as the national network of WayFM stations, and the Spanish-language Christian network “Vida Unida.” The organization also hosts concerts through its Hope Events arm and created the God Listens Prayer App.

The media group, which has a 1-star fund acquisition rating, ranks 27 out of 28 in Ministry Watch’s Radio/TV Stations Sector. Its fundraising costs jumped from 6% to 20% between 2022 and 2023. The sector median cost is 5%.

Hope Media Group has more than doubled in size since its merger with WAY Media, which MinistryWatch reported in 2022. also ranks 26 out of 28 in overall efficiency for the Radio/TV Stations Sector. In 2023, the organization’s total expenses were $37.9 million and its revenue was $33.4 million.

Despite these changes, Hope Media Group has maintained top ratings in other areas from MinistryWatch. Its Donor Confidence Score puts it in the “Give With Confidence” category. It has an “A” Transparency Grade.

 

Access to MinistryWatch content is free.  However, we hope you will support our work with your prayers and financial gifts.  To make a donation, click here.

 

MinistryWatch Donor Confidence Score: 81 (out of a possible 100) “Give With Confidence”

MinistryWatch Financial Efficiency Rating: 1 Star (out of a possible 5 Stars)

MinistryWatch Transparency Grade: A

ECFA Member? Yes

Revenue in Most Recent Year Available: $33,415,393

Five-Year Revenue Trend: Increasing (by about 121.6%)

Percent of Revenue Hope Media Group Spends on Fundraising: 20%

Percent Peer Group Spends on Fundraising: 5%

CEO/President: Joe Paulo

President’s Salary and Other Compensation: $402,967

A complete MinistryWatch profile for Hope Media Group can be found here.

Find recent MinistryWatch articles mentioning Hope Media Group here.

MAIN PHOTO: Video screenshot

TO OUR READERS: Do you have a story idea, or do you want to give us feedback about this or any other story? Please email us: [email protected]

Tags:
Avatar photo
Brittany Smith

Brittany Smith is a freelance writer living in Colorado Springs. She is the co-author of Unplanned Grace: A Compassionate Conversation on Life and Choice.

    1