Hope Universal Inc

Analysis

Hope Universal Inc is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Universal Inc reported income of $325k and spending of $406k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $325k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Universal Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Gospel Rocks Ranch Inc ($325k), Robert J Morgan Ministries ($325k) and Slavic Pentecostal Church ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.