Villages of Hope Inc

Analysis

Villages of Hope Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Villages of Hope Inc reported income of $238k and spending of $183k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $238k (+21%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Villages of Hope Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Pennsylvania Dental Foundation ($238k), Nonprofitconnect Inc ($238k) and Child Advocacy Center of Grant County Indiana Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 12% of the total. Other salaries and wages came to $20k. At year end it held assets of $147k against liabilities of $0, net assets of $147k. It reported 3 employees.