Project Hope Charities Inc

Analysis

Project Hope Charities Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in May 2014, 12 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 2023, Project Hope Charities Inc reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 56%. 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, Project Hope Charities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Safe Passage Inc ($2.3m), Delivering Dreams of Arizona ($2.3m) and Deaf Empowerment Awareness Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $123k. At year end it held assets of $178k against liabilities of $80k, net assets of $98k. It reported 1 employees.