Project Hope Worldwide

Analysis

Project Hope Worldwide is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in September 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, Project Hope Worldwide reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. Over the whole period it spent 111% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Hope Worldwide sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Hope Builders Ministries ($1.2m), South Africa Development Fund Inc ($1.2m) and American Friends of Yeshiva Da Aschochma Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $78k (6.1% of expenses). Other salaries and wages came to $179k. At year end it held assets of $617k against liabilities of $40k, net assets of $577k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.