Hope Events Inc

Analysis

Hope Events Inc is a registered charity in United States, based in Austin, TX. 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, Hope Events Inc reported income of $75k and spending of $58k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $497k to $75k (-85%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Events Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Cerdas Foundation ($75k), Redeemer Ministries Inc ($75k) and Wildlifedirect Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.