Hope Ethiopia Inc

Analysis

Hope Ethiopia Inc is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Ethiopia Inc reported income of $911k and spending of $930k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $911k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Ethiopia 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Friends in Solidarity Inc ($911k), Yahad - in Unum Mid-America ($912k) and The Brenn Foundation ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $677k against liabilities of $0, net assets of $677k.