Bold Hope Inc

Analysis

Bold Hope Inc is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in November 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 August 2023, Bold Hope Inc reported income of $1.7m and spending of $1.8m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to August 2023, income grew from $1.3m to $1.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bold Hope Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Bulamu International ($1.7m), Port of Texas City Security Councilinc ($1.7m) and Ummah Relief International ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $609k. At year end it held assets of $1.2m against liabilities of $223k, net assets of $968k. It reported 12 employees.