Hope Alive Inc

Analysis

Hope Alive Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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 December 2023, Hope Alive Inc reported income of $323k and spending of $298k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $217k to $323k (+49%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Alive Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Lamar Area Christian Ministries Association Inc ($323k), Centro Corazon de Maria Inc ($323k) and Eden Mission Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $55k (18% of expenses). Other salaries and wages came to $118k. At year end it held assets of $341k against liabilities of $0, net assets of $341k. It reported 6 employees.