Hope Institute

Analysis

Hope Institute is a registered charity in United States, based in Jefferson Cty, TN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Hope Institute reported income of $416k and spending of $526k, spending 126% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $453k to $416k (-8.1%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Institute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Winged Foot Foundation Inc ($416k), Thomas R Brown Family Foundation ($417k) and Supporters of Civil Society in Russia Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (22% of expenses). Other salaries and wages came to $205k. At year end it held assets of $36k against liabilities of $12k, net assets of $25k. It reported 4 employees.