True Hope

Analysis

True Hope is a registered charity in United States, based in Saint Michael, MN. It received its IRS tax-exemption ruling in September 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, True Hope reported income of $253k and spending of $313k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $511k to $253k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True Hope sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include The Partnership for Safe Families & Communities of Ventura County ($253k), Indiana Guardianship Services Inc ($253k) and Oyster South Company ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.