We Are Hope Inc

Analysis

We Are Hope Inc is a registered charity in United States, based in Sturgeon Bay, WI. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, We Are Hope Inc reported income of $529k and spending of $462k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $529k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, We Are Hope Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Centro Comunitario de Los Trabajadores ($529k), RSVL Inc ($529k) and San Diego Kiwanis Club Foundation ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $61k (13% of expenses). Other salaries and wages came to $238k. At year end it held assets of $326k against liabilities of $79k, net assets of $247k. It reported 19 employees.