Hope Meadows

Analysis

Hope Meadows is a registered charity in United States, based in Rantoul, IL. It received its IRS tax-exemption ruling in September 1987, 39 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 June 2023, Hope Meadows reported income of $325k and spending of $361k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $335k to $325k (-3.0%), an average of -0.7% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Meadows sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Pete and Thomas Foundation ($325k), Women Are Dreamers Too ($325k) and Mutual of Omaha Employee Financial Assistance Fund ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.2m against liabilities of $36k, net assets of $1.2m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.