Hope for Animals Inc

Analysis

Hope for Animals Inc is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in February 2002, 24 years ago. 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 Animals Inc reported income of $421k and spending of $40k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $421k (+775%), an average of +775% a year. The sharpest change came in the year to December 2023, when income rose by 775%. Over the whole period it spent 17% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Animals Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Utah Nordic Alliance ($421k), Friends of the Pelham Civic Association Inc ($421k) and Camden Conference ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $419k against liabilities of $0, net assets of $419k.