Hope Services

Analysis

Hope Services is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Services reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Services sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Atlas Ministry Inc ($1.6m), Hardin County Council on Aging Inc ($1.6m) and Quality Care Services Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $252k (20% of expenses). Other salaries and wages came to $694k. At year end it held assets of $1.5m against liabilities of $605k, net assets of $910k. It reported 150 employees.