Spring of Hope Foundation Inc

Analysis

Spring of Hope Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 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, Spring of Hope Foundation Inc reported income of $99k and spending of $17k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $99k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring of Hope Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include African Community Kalamazoo ($99k), Hope by Design Inc ($99k) and Annapolis Musicians Fund for Musicians Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $484k against liabilities of $0, net assets of $484k.