Hope for the World Foundation Inc

Analysis

Hope for the World Foundation Inc is a registered charity in United States, based in Santa Rosa Beach, FL. It received its IRS tax-exemption ruling in July 2015, 11 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, Hope for the World Foundation Inc reported income of $762k and spending of $708k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $762k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope for the World Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Bridgeport Islamic Community Center ($761k), The Thanks-Giving Foundation ($762k) and Murid Islamic Community of America Inc ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (18% of expenses). At year end it held assets of $282k against liabilities of $3,926, net assets of $278k. It reported 1 employees.