Edwards Hope Corporation

Analysis

Edwards Hope Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Edwards Hope Corporation reported income of $301k and spending of $213k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $801k to $301k (-62%), an average of -28% a year. The sharpest change came in the year to June 2023, when income dropped by 73%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edwards Hope Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Saval Charitable TR ($301k), Old Westbury Golf and Country Club Foundation Inc ($302k) and People Living in Recovery Inc ($301k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 15 employees.