Hope Partners International

Analysis

Hope Partners International is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 1971, 55 years ago. 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 December 2023, Hope Partners International reported income of $4.0m and spending of $3.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $4.0m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 179%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Partners International sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Boys and Girls Club of Evansville Inc ($4.0m), Los Angeles Chapter National Tooling & Machine Assn Training CE ($4.0m) and Circulo de LA Hispanidad ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $599k. At year end it held assets of $7.1m against liabilities of $37k, net assets of $7.1m. It reported 8 employees.