Project H O P E Inc

Analysis

Project H O P E Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Project H O P E Inc reported income of $5.0m and spending of $5.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $5.0m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project H O P E 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 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Project DS Inc ($5.0m), Hhuny Inc ($5.0m) and New View Alliance Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $3.4m (63% of expenses). At year end it held assets of $4.4m against liabilities of $579k, net assets of $3.9m. It reported 52 employees.