Women of My Hope Inc

Analysis

Women of My Hope Inc is a registered charity in United States, based in Madisonville, LA. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Women of My Hope Inc reported income of $245k and spending of $289k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $183k to $245k (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Women of My Hope Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within LA. Charities of a similar size with the same main cause include First Call Pregnancy Center Inc ($245k), Peninsula Section National Council of Jewish Women Inc ($245k) and 100 Black Men of Orange County Inc ($245k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 163% of the total. Compensation of current officers, directors and key employees was $130k (45% of expenses). At year end it held assets of $393k against liabilities of $0, net assets of $393k.