Hope Initiative

Analysis

Hope Initiative is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in August 2012, 14 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 (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, Hope Initiative reported income of $87k and spending of $202k, spending 232% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $286k to $87k (-70%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 93% 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 Initiative sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IN. Charities of a similar size with the same main cause include DLP Positive Returns Foundation ($87k), Leonard and Lillian Bethke Memorial TR Fbo Opportunity Development Ctr ($87k) and Rotary District 6460 Foundation ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.