Foundation for Hope in Africa Inc

Analysis

Foundation for Hope in Africa Inc is a registered charity in United States, based in Weston, WI. It received its IRS tax-exemption ruling in October 2008, 18 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, Foundation for Hope in Africa Inc reported income of $116k and spending of $90k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $116k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Foundation for Hope in Africa Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include Soulwinners Ministries International LLC ($116k), Newvines International Inc ($116k) and Building Blocks in Africa ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.