Hope

Analysis

Hope is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $538k and spending of $480k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $538k (+183%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Desert Foothills Library Association ($538k), New Orleans Electrical Joint Apprenticeship Committee & Trainin ($538k) and Little Angels Children Development Center Inc ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $67k. At year end it held assets of $286k against liabilities of $136k, net assets of $149k. It reported 2 employees.