X Hope Inc

Analysis

X Hope Inc is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, X Hope Inc reported income of $852k and spending of $750k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $405k to $852k (+110%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, X Hope Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Life Construction Outreach Inc ($852k), Islamic Shura Council of Southern California ($852k) and Tayseer Foundation ($852k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $135k. It paid $6,110 in professional fundraising fees. At year end it held assets of $433k against liabilities of $9,823, net assets of $423k. It reported 6 employees.