The Family Hope Foundation Inc

Analysis

The Family Hope Foundation Inc is a registered charity in United States, based in Jenison, MI. It received its IRS tax-exemption ruling in May 2010, 16 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, The Family Hope Foundation Inc reported income of $452k and spending of $270k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $452k (+225%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Family Hope Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Freedom 5 One Ministries Inc ($452k), In His Name Ministries ($452k) and Hands Extended Loving People Help Resource Center ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 3 employees.