Boone Hope Foundation

Analysis

Boone Hope Foundation is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in March 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 December 2023, Boone Hope Foundation reported income of $53k and spending of $34k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $53k (-6.6%), an average of -6.6% a year. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boone Hope Foundation sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Hidalgo Sin Fronteras ($53k), Autism Society New Hanover County Housing Corp 1 ($54k) and Nicholasville Firefighters Toydrive ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.