Port of Hopes Inc

Analysis

Port of Hopes Inc is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Port of Hopes Inc reported income of $252k and spending of $280k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $211k to $252k (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port of Hopes Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Christian Fellowship Inc ($252k), New York State Field Band Conference Inc ($252k) and Racine Literacy Council Inc ($252k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $144k against liabilities of $3,331, net assets of $141k. It reported 11 employees.