Hope Meadows Foundation

Analysis

Hope Meadows Foundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in February 2009, 17 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 Meadows Foundation reported income of $516k and spending of $242k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $516k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Meadows Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include PTA Colorado Congress ($516k), Victory Oaks Inc ($516k) and Collins Group Inc ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $840 (0.3% of expenses). Other salaries and wages came to $27k. At year end it held assets of $720k against liabilities of $337k, net assets of $383k. It reported 2 employees.