Hope of Life International

Analysis

Hope of Life International is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in July 2010, 16 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 of Life International reported income of $16.7m and spending of $19.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $16.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope of Life International sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Blumont International Inc ($16.4m), Faith in Practice ($16.8m) and Religious Zionist Youth Movement- Bnei Akiva of the U S & Canada Inc ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $184k (1.0% of expenses). Other salaries and wages came to $886k. At year end it held assets of $1.3m against liabilities of $216k, net assets of $1.1m. It reported 23 employees.