Hope Restored

Analysis

Hope Restored is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 Restored reported income of $486k and spending of $555k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $658k to $486k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hope Restored 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 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Stony Point Volunteer Fire Dept ($485k), Kingwood Volunteer Fire Department Incorporated ($486k) and Central United States Earthquake Consortium ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $50k against liabilities of $3,744, net assets of $46k. It reported 3 employees.