Partners in Hope Inc

Analysis

Partners in Hope Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Partners in Hope Inc reported income of $356k and spending of $413k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $394k to $356k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners in Hope Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Breakthrough Ministries Inc ($356k), Tobacco Road Marathon ($356k) and Haiti and Africa Relief Team Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $53k (13% of expenses). Other salaries and wages came to $132k. At year end it held assets of $576k against liabilities of $34k, net assets of $542k. It reported 9 employees.