Hope Foundation Inc

Analysis

Hope Foundation Inc is a registered charity in United States, based in Plymouth, CA. It received its IRS tax-exemption ruling in September 2021, 5 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 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 Foundation Inc reported income of $100k and spending of $135k, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $89k to $100k (+13%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Fort Mill Rotary Club Foundation Inc ($100k), Reach Youth Global ($100k) and Lucy Corr Foundation Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. At year end it held assets of $2.4m against liabilities of $29k, net assets of $2.4m.