Hope Worldwide Ltd

Analysis

Hope Worldwide Ltd is a registered charity in United States, based in Atlant, GA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Hope Worldwide Ltd reported income of $39.6m and spending of $39.3m, spending 99% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $22.6m to $39.6m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 172%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Worldwide Ltd sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include American Friends of Yeshiva Dmir Inc ($39.0m), Internet Society Foundation ($39.8m) and International Orthodox Christian Charities Inc ($39.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $575k (1.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $7.4m against liabilities of $1.5m, net assets of $5.9m. It reported 43 employees.