Hannahs Hope Inc

Analysis

Hannahs Hope Inc is a registered charity in United States, based in Bartlett, TN. It received its IRS tax-exemption ruling in October 2002, 24 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, Hannahs Hope Inc reported income of $260k and spending of $290k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $260k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannahs Hope Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Centennial Community Food Shelf ($260k), Tomball Pines Inc ($260k) and Holmen Area Community Center Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $109k (38% of expenses). Other salaries and wages came to $120k. At year end it held assets of $29k against liabilities of $11k, net assets of $18k. It reported 3 employees.