Hope Therapy Incorporated

Analysis

Hope Therapy Incorporated is a registered charity in United States, based in Middleburg, FL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Therapy Incorporated reported income of $109k and spending of $115k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $109k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Therapy Incorporated sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Hudson Raidaires Boosters Inc ($109k), Inner City Youth for Change ($109k) and Bright Future for Kids Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.