Hope for Humanity Inc

Analysis

Hope for Humanity Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Hope for Humanity Inc reported income of $138k and spending of $67k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $203k to $138k (-32%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Humanity Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Hoboken Family Alliance Inc ($138k), Commerce Department Child Development Center ($138k) and Childrens Center for Self-Esteem Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $640k against liabilities of $0, net assets of $640k.