Abundance of Hope Center

Analysis

Abundance of Hope Center is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in December 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, Abundance of Hope Center reported income of $95k and spending of $322k, spending 337% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $429k to $95k (-78%), an average of -78% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundance of Hope Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include Hope House Ministries ($95k), Hands of Hope ($95k) and Walk on Therapeutic Riding Program Inc ($95k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.