Hope Leadership Foundation

Analysis

Hope Leadership Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Leadership Foundation reported income of $858k and spending of $940k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $695k to $858k (+23%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Leadership Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Be a Friend Program Inc ($857k), Somerset County Local Management Board ($858k) and Community Awareness Network for a Drugfree Life and Environment Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (4.8% of expenses). Other salaries and wages came to $298k. At year end it held assets of $312k against liabilities of $394k, net assets of -$82k. It reported 8 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.