Basket of Hope Inc

Analysis

Basket of Hope Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Basket of Hope Inc reported income of $162k and spending of $132k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $162k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Basket of Hope Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NE. Charities of a similar size with the same main cause include Adrig Inc ($162k), Udayan Care USA ($162k) and Hearts 4 Haiti ($162k).

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 $118k against liabilities of $0, net assets of $118k.