Garden of Hope Inc

Analysis

Garden of Hope Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 2009, 17 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, Garden of Hope Inc reported income of $560k and spending of $637k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $738k to $560k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garden of Hope Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Independence Empowerment Center Inc ($560k), Seeds of Hope Ministries Inc ($560k) and Seacoast Child Advocacy Center Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $232k. At year end it held assets of $199k against liabilities of $49k, net assets of $150k. It reported 11 employees.