Hope for Tomorrow Inc

Analysis

Hope for Tomorrow Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for Tomorrow Inc reported income of $540k and spending of $586k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $540k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Hope for Tomorrow Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Indians for Collective Action ($540k), Tasveer ($541k) and 100 Black Men of Metropolitan Houston Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $290k (50% of expenses). At year end it held assets of $378k against liabilities of $312k, net assets of $66k. It reported 5 employees.