Hope Enterprises Foundation Inc

Analysis

Hope Enterprises Foundation Inc is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Enterprises Foundation Inc reported income of $359k and spending of $143k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $322k to $359k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Enterprises Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Connection Inc ($359k), Missouri Universal Service Fund Inc ($359k) and Pop Warner Little Scholars Inc ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $6.2m against liabilities of $203k, net assets of $6.0m.