Friends of Hope International Inc

Analysis

Friends of Hope International Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in November 2016, 10 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, Friends of Hope International Inc reported income of $164k and spending of $43k, leaving 74% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $15.6m to $164k (-99%), an average of -78% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 54% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Hope International Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Zimbabwe Mission Partnership Inc ($164k), Last Frontiers Mission NFP ($164k) and Bula Ministries ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.