Generation Hope

Analysis

Generation Hope is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2022, Generation Hope reported income of $6.6m and spending of $3.1m, leaving 53% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.6m to $6.6m (+304%), an average of +59% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Generation Hope sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Military Bowl Foundation Inc ($6.6m), Community Day School Association ($6.6m) and Manhattan Charter School ($6.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $190k (6.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.0m against liabilities of $804k, net assets of $5.2m. It reported 29 employees.