Many Hopes Inc

Analysis

Many Hopes Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Many Hopes Inc reported income of $2.9m and spending of $4.4m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income grew from $1.4m to $2.9m (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Many Hopes Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Education for Just Peace in the Middle East ($2.9m), Childrens Relief International ($2.9m) and Wild Tomorrow Fund ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $103k (2.3% of expenses). Other salaries and wages came to $406k. At year end it held assets of $1.5m against liabilities of $20k, net assets of $1.4m. It reported 8 employees.