Mama Hope

Analysis

Mama Hope is a registered charity in United States, based in New York, NY. 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 May 2023, Mama Hope reported income of $225k and spending of $322k, spending 143% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.3m to $225k (-83%), an average of -35% a year. The sharpest change came in the year to May 2023, when income dropped by 47%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mama Hope sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include United Christian Ministries Inc ($225k), 18 South Youth Ministries ($225k) and WBS Charity Corporation ($225k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (10% of expenses). Other salaries and wages came to $91k. At year end it held assets of $50k against liabilities of $7,463, net assets of $43k. It reported 1 employees.