Hope Street Inc

Analysis

Hope Street Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Street Inc reported income of $534k and spending of $417k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $357k to $534k (+50%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Street Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Fraternal Order of Alaska State Troopers Charity Corporation ($534k), Girls on the Run of Bexar County ($535k) and Punchfront Athletics Booster Club Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Other salaries and wages came to $244k. At year end it held assets of $406k against liabilities of $2,586, net assets of $403k. It reported 3 employees.