Hope Endowment

Analysis

Hope Endowment is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Hope Endowment reported income of $126k and spending of $97k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $311k to $126k (-59%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 72% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Endowment sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Montero Medical Missions Inc ($126k), Health and Humanitarian Aid Foundation ($126k) and Surgical Education International ($126k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.