Filter of Hope Inc

Analysis

Filter of Hope Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. 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, Filter of Hope Inc reported income of $7.6m and spending of $6.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $7.6m (+153%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Filter of Hope Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Archcare Community Services Inc ($7.6m), Ron Burton Training Village Inc ($7.6m) and Washington Area Community Investment Fund Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $122k (1.9% of expenses). Other salaries and wages came to $345k. At year end it held assets of $4.8m against liabilities of $1.0m, net assets of $3.8m. It reported 28 employees.