Hope Manifest Inc

Analysis

Hope Manifest Inc is a registered charity in United States, based in Alabaster, AL. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Manifest Inc reported income of $187k and spending of $210k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $309k to $187k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Manifest Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Saline Historic Downtown Alliance ($187k), Twin-Training to Work an Industry Niche ($187k) and Assistance League of Chaves County Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $116k (55% of expenses). Other salaries and wages came to $19k. At year end it held assets of $5,197 against liabilities of $11k, net assets of -$6,163. It reported 3 employees.