Hope Venture

Analysis

Hope Venture is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 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 2023, Hope Venture reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $870k to $1.5m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Venture sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Lexcollective ($1.5m), Hanan Refugees Relief Group ($1.5m) and American Relief Fund Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $38k (2.6% of expenses). Other salaries and wages came to $286k. At year end it held assets of $507k against liabilities of $15k, net assets of $491k. It reported 10 employees.