USA Springs of Hope Foundation Inc

Analysis

USA Springs of Hope Foundation Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, USA Springs of Hope Foundation Inc reported income of $418k and spending of $453k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $455k to $418k (-8.1%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, USA Springs of Hope Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Georgia for Georgia Inc ($418k), Strategies for International Development ($419k) and Project Lucas Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $500 in professional fundraising fees. At year end it held assets of $27k against liabilities of $31, net assets of $27k.