Hope Coalition

Analysis

Hope Coalition is a registered charity in United States, based in Holden, MO. It received its IRS tax-exemption ruling in November 1996, 30 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 Coalition reported income of $113k and spending of $137k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $113k (+39%), an average of +8.7% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Coalition sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Special Ops Survivors ($113k), Madison Morgan County Caring Place Inc ($113k) and Anderson Area Association of Senior Citizen Organizations ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $24k (17% of expenses). Other salaries and wages came to $25k. At year end it held assets of $600k against liabilities of $50k, net assets of $549k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.