Project Hope Boston Inc

Analysis

Project Hope Boston Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in February 1982, 44 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 June 2023, Project Hope Boston Inc reported income of $6.5m and spending of $6.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.5m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope Boston Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include The Family Counseling Center of Fulton County Inc ($6.5m), Ekvnv Yefolecvlke ($6.5m) and Family Center Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $282k (4.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.4m against liabilities of $662k, net assets of $7.8m. It reported 77 employees.