Hope Africa Collective Inc

Analysis

Hope Africa Collective Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Africa Collective Inc reported income of $358k and spending of $346k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $358k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Africa Collective Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include California Northwest Jurisdiction -Inc ($357k), World Missions to Asia Inc ($358k) and Keep Believing Ministries ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $39k (11% of expenses). Other salaries and wages came to $34k. It paid $3,157 in professional fundraising fees. At year end it held assets of $338k against liabilities of $1,592, net assets of $337k. It reported 3 employees.