Hope on a String

Analysis

Hope on a String is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in January 2012, 14 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, Hope on a String reported income of $296k and spending of $599k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $730k to $296k (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope on a String sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Ceiba Vida International Inc ($296k), Right Steps Inc ($296k) and Helping Hut ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). At year end it held assets of $223k against liabilities of $17k, net assets of $206k. It reported 1 employees.