Clothed in Hope

Analysis

Clothed in Hope is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 2011, 15 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, Clothed in Hope reported income of $104k and spending of $99k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $104k (+0.6%), an average of +0.6% a year. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Clothed in Hope sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Friends of Colegio Moriah ($104k), Passion for Haiti Foundation Inc ($104k) and Propel Initiative Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.