March Forth with Hope Foundation Inc

Analysis

March Forth with Hope Foundation Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in January 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, March Forth with Hope Foundation Inc reported income of $67k and spending of $95k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $113k to $67k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, March Forth with Hope Foundation Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Diamond Bar Friends of the Library ($67k), Ed Lucas Foundation Inc ($67k) and Cooke County Electric Charitable Foundation ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $12k (13% of expenses). At year end it held assets of $268k against liabilities of $112k, net assets of $157k. It reported 1 employees.