Hope for All Inc

Analysis

Hope for All Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Hope for All Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $726k to $1.4m (+87%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for All Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Mercy Senior Care Inc ($1.4m), M&s Kolel Grocery Inc ($1.4m) and Visiting Homemaker Service of Monongalia County Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $75k (5.9% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.2m against liabilities of $296k, net assets of $882k. It reported 16 employees.