Hope Advancement Inc

Analysis

Hope Advancement Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in February 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Advancement Inc reported income of $12.7m and spending of $1.5m, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $12.7m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 7.8% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Advancement Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Kolel Shomre Hachomos of Jerusalem Inc ($12.7m), Freedom Alliance ($12.8m) and Iris Global ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $32.0m against liabilities of $6.2m, net assets of $25.8m.