Making Hope Happen Foundation

Analysis

Making Hope Happen Foundation is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Making Hope Happen Foundation reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.5m (+40%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Making Hope Happen Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Just Neighbors Ministry Inc ($1.5m), Association for Community Living in Boulder County ($1.5m) and Nixyaawii Community Financial Services ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $99k (7.6% of expenses). Other salaries and wages came to $396k. At year end it held assets of $2.9m against liabilities of $541k, net assets of $2.4m. It reported 21 employees.