River of Hope Inc

Analysis

River of Hope Inc is a registered charity in United States, based in Clute, TX. It received its IRS tax-exemption ruling in June 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, River of Hope Inc reported income of $57k and spending of $80k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $57k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, River of Hope Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Ramsey Responds Inc ($57k), Mobile Mantra Inc ($57k) and Houma Rotary Club Foundation Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $16k against liabilities of $882, net assets of $15k.