Project Hope Inc

Analysis

Project Hope Inc is a registered charity in United States, based in Hugoton, KS. It received its IRS tax-exemption ruling in September 2023, 3 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 June 2023, Project Hope Inc reported income of $91k and spending of $88k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $56k to $91k (+62%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Hope 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 35th percentile, and in the 33rd percentile within KS. Charities of a similar size with the same main cause include Greenville Fumc Support Fund ($91k), Artiss Devolt Zacharias Charitable Trust ($91k) and Ohio Lecet-Oca Charity Fund ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.