Hope for Humanity Inc

Analysis

Hope for Humanity Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 for Humanity Inc reported income of $147k and spending of $203k, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $169k to $147k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Humanity Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Kids Incorporated of Guymon Oklahoma ($147k), Friends of the Cape Cod National Seashore ($147k) and Pilgrim John Howland Society Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $10k (4.9% of expenses). At year end it held assets of $106k against liabilities of $705, net assets of $105k. It reported 2 employees.