Hope Lutheran Foundation

Analysis

Hope Lutheran Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Lutheran Foundation reported income of $290k and spending of $127k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $435k to $290k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Lutheran Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ND. Charities of a similar size with the same main cause include Geneva Community Chest ($290k), Joe & Mary Leary TR Uw 053194 ($290k) and Reading Public Library Foundation ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.