Initiate Hope Inc

Analysis

Initiate Hope Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Initiate Hope Inc reported income of $67k and spending of $82k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $67k (+10%), an average of +10% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Initiate Hope Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Vietnamese Buddhist Association of Rochester ($67k), Brian Johnson Ministries ($67k) and Arms Around the World ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.