Higher Hopes

Analysis

Higher Hopes is a registered charity in United States, based in Commerce, MI. It received its IRS tax-exemption ruling in September 2014, 12 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, Higher Hopes reported income of $203k and spending of $171k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $242k to $203k (-16%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Higher Hopes sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Justice for Orphans Inc ($203k), Putnam County Senior Citizens ($203k) and St Vincent de Paul Society St Vincent de Paul Conference ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.