Hopenow

Analysis

Hopenow is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in August 2009, 17 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, Hopenow reported income of $105k and spending of $93k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $105k (+2.9%), an average of +2.9% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopenow sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Emily Ann Griffin Foundation ($105k), Springfield Thunderbirds Foundation Inc ($105k) and Disability Connections Foundation of Jackson County ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.