Hope Honoring Opportunities for Personal Empowerment

Analysis

Hope Honoring Opportunities for Personal Empowerment is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Honoring Opportunities for Personal Empowerment reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $894k to $1.3m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Honoring Opportunities for Personal Empowerment sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Center of Hope Family Services Inc ($1.3m), One New Heartbeat Inc ($1.3m) and Divine Community Services Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $80k (6.6% of expenses). Other salaries and wages came to $906k. At year end it held assets of $566k against liabilities of $187k, net assets of $379k. It reported 59 employees.