Because of Hope

Analysis

Because of Hope is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Because of Hope reported income of $192k and spending of $177k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $198k to $192k (-3.3%), an average of -1.1% a year. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Because of Hope sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include International Association for the Study of the Commons Incorporated ($192k), Engineers Without Borders- International ($192k) and Chernobyl Childrens Project International Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $38k (22% of expenses). Other salaries and wages came to $42k. At year end it held assets of $106k against liabilities of $814, net assets of $105k. It reported 3 employees.