Thehopeline Inc

Analysis

Thehopeline Inc is a registered charity in United States, based in Spring Hill, TN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thehopeline Inc reported income of $1.7m and spending of $2.3m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thehopeline Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Global Frontier Mission Inc ($1.7m), Delmarva Education Association ($1.7m) and Episcopal Charities of the Diocese of New York ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $297k (13% of expenses). Other salaries and wages came to $793k. At year end it held assets of $3.1m against liabilities of $244k, net assets of $2.8m. It reported 42 employees.