HRS True Hope

Analysis

HRS True Hope is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in February 2008, 18 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, HRS True Hope reported income of $762k and spending of $652k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $762k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, HRS True Hope sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Milford Wampold Support Foundation ($762k), Zaccho S F ($762k) and Hillel the Foundation for Jewish Campus Life ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $514k against liabilities of $650, net assets of $514k.