Hope Harbor Foundation Inc

Analysis

Hope Harbor Foundation Inc is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Harbor Foundation Inc reported income of $67k and spending of $85k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $67k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 207% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Harbor Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include New York Finest Soccer Club ($67k), Not Today Cancer Inc ($67k) and Gemilas Chesed Inc ($67k).

At year end it held assets of $966k against liabilities of $0, net assets of $966k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.