Hope Springs Water

Analysis

Hope Springs Water is a registered charity in United States, based in Athens, TX. It received its IRS tax-exemption ruling in May 2011, 15 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 Springs Water reported income of $409k and spending of $430k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $409k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 96% 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 Springs Water sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include 10 Chefs Inc ($409k), River Valley Charter School Foundation Inc ($409k) and The Lymphatic Malformation Institute ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $80k (19% of expenses). Other salaries and wages came to $53k. At year end it held assets of $278k against liabilities of $12k, net assets of $266k. It reported 7 employees.