Pomona Hope

Analysis

Pomona Hope is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Pomona Hope reported income of $230k and spending of $280k, spending 122% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $288k to $230k (-20%), an average of -5.5% a year. The sharpest change came in the year to July 2023, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pomona Hope sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Camas Foundation ($230k), Sati Center for Buddist Studies ($230k) and Extension Education Foundation Inc ($230k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $113k. At year end it held assets of $275k against liabilities of $5,858, net assets of $269k. It reported 7 employees.