Friends of Hope Inc

Analysis

Friends of Hope Inc is a registered charity in United States, based in Liberty, IN. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of Hope Inc reported income of $123k and spending of $157k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $123k (-6.1%), an average of -6.1% a year. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include National Leadership Foundation ($123k), Brethren Hope for the Nations ($123k) and Warriors Rosary International Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.