Operation Hope Inc

Analysis

Operation Hope Inc is a registered charity in United States, based in Rye Brook, NY. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Operation Hope Inc reported income of $198k and spending of $152k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $170k to $198k (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2023, when income rose by 963%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation Hope Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Greendale Lions Foundation ($198k), Westport Farmers Market Inc ($198k) and Sunshine Village Community Chilcare Center Inc ($198k).

At year end it held assets of $6.2m against liabilities of $557k, net assets of $5.7m.