The Hope Project Inc

Analysis

The Hope Project Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Hope Project Inc reported income of $540k and spending of $531k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $540k (+113%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hope Project Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Mvsa VBC Inc ($540k), Congregational Home Foundation ($540k) and Silverspoon Learning Center ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $54k (10% of expenses). Other salaries and wages came to $173k. At year end it held assets of $646k against liabilities of $80k, net assets of $566k. It reported 7 employees.