Hope for the Warriors

Analysis

Hope for the Warriors is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 for the Warriors reported income of $9.3m and spending of $9.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $9.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope for the Warriors sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Petoskey-Harbor Springs Area Community Foundation ($9.3m), David Lynch Foundation for Consciousness-Based Education and ($9.3m) and United Way of Wyoming Valley ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $370k (4.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $4.3m against liabilities of $976k, net assets of $3.3m. It reported 79 employees.