1 Hope Foundation Inc

Analysis

1 Hope Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 1 Hope Foundation Inc reported income of $417k and spending of $330k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $417k (+182%), an average of +182% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1 Hope Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Homeownership Center Inc ($417k), Random Acts of Flowers Tampa Bay ($417k) and Safe Place Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $89k. At year end it held assets of $148k against liabilities of $0, net assets of $148k.