Hope Farms Project LLC

Analysis

Hope Farms Project LLC is a registered charity in United States, based in Elizabeth, CO. It received its IRS tax-exemption ruling in April 2012, 14 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 Farms Project LLC reported income of $105k and spending of $101k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $105k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Farms Project LLC sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Agents in Action Inc ($105k), Overlook Food Awareness Resource of Massachusetts Inc ($105k) and Perry County Treasures ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $15k against liabilities of $12k, net assets of $3,362.