Hope for Opelousas Inc

Analysis

Hope for Opelousas Inc is a registered charity in United States, based in Opelousas, LA. It received its IRS tax-exemption ruling in August 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 2023, Hope for Opelousas Inc reported income of $2.1m and spending of $890k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $631k to $2.1m (+237%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 248%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Opelousas 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 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Tennessee Chapter of Childrens Advocacy Centers ($2.1m), Giving Alternative Learners Uplifting Opportunities Inc ($2.1m) and Family Promise of Orange County Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $66k (7.4% of expenses). Other salaries and wages came to $349k. At year end it held assets of $6.0m against liabilities of $64k, net assets of $6.0m.