Heritage of Hope Inc

Analysis

Heritage of Hope Inc is a registered charity in United States, based in Hope, IN. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Heritage of Hope Inc reported income of $110k and spending of $103k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $110k (-3.9%), an average of -3.9% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage of Hope Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Infinity Dance Theater Company Ltd ($110k), Atheist Alliance of America ($110k) and Roane County Heritage Commission ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.