Fountains of Hope International Inc

Analysis

Fountains of Hope International Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in February 2012, 14 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 2023, Fountains of Hope International Inc reported income of $357k and spending of $408k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $258k to $357k (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fountains of Hope International Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Acts 29 Ministries Inc ($357k), Hope & New Life Health Care Inc ($357k) and Changing Tides Foundation ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $13k. It paid $24k in professional fundraising fees. At year end it held assets of $61k against liabilities of $4,778, net assets of $57k. It reported 2 employees.