Hope and a Future Inc

Analysis

Hope and a Future Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2024, Hope and a Future Inc reported income of $3.4m and spending of $2.1m, leaving 38% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $2.0m to $3.4m (+68%), an average of +11% a year. The sharpest change came in the year to July 2023, when income rose by 163%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope and a Future Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Helping Mamas Inc ($3.4m), Ride Connection Bridge ($3.4m) and Aiken Area Council on Aging Inc ($3.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 89% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $237k (11% of expenses). Other salaries and wages came to $200k. At year end it held assets of $7.3m against liabilities of $203k, net assets of $7.1m. It reported 5 employees.