Gift of Hope Inc

Analysis

Gift of Hope Inc is a registered charity in United States, based in Forsyth, MO. It received its IRS tax-exemption ruling in January 1994, 32 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 January 2024, Gift of Hope Inc reported income of $215k and spending of $198k, spending 92% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $205k to $215k (+4.9%), an average of +4.9% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gift of Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within MO. Charities of a similar size with the same main cause include Nuestra Gente Community Projects Inc ($215k), Texas Beef Initiative ($215k) and Every Good Gift ($215k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $63k (32% of expenses). At year end it held assets of $131k against liabilities of $0, net assets of $131k.