Hope Extreme Inc

Analysis

Hope Extreme Inc is a registered charity in United States, based in Bourg, LA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Extreme Inc reported income of $340k and spending of $232k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $340k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Extreme Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Dallas Mustangs Baseball Club ($340k), Manos de Fe ($340k) and Next Generation Ministries ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $54k (23% of expenses). Other salaries and wages came to $51k. At year end it held assets of $967k against liabilities of $242k, net assets of $725k. It reported 3 employees.