Hope Reigns Charity Foundation Inc

Analysis

Hope Reigns Charity Foundation Inc is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Reigns Charity Foundation Inc reported income of $68k and spending of $36k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $516k to $68k (-87%), an average of -40% a year. The sharpest change came in the year to June 2022, when income rose by 497%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Reigns Charity Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Red Rock and Blue ($68k), First Junior Womans Club ($68k) and Chippewa Lake Lions Club Foundation Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $207k against liabilities of $46k, net assets of $161k.