Hope Inc

Analysis

Hope Inc is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 Inc reported income of $461k and spending of $260k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $461k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Charleroi Sportsmens Association ($461k), NCR of Queensbury Housing Development Fund Co ($461k) and Learning Tree Farm Inc ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $150k (58% of expenses). At year end it held assets of $827k against liabilities of $3,263, net assets of $823k. It reported 2 employees.