Hope4gaston

Analysis

Hope4gaston is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in September 2013, 13 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, Hope4gaston reported income of $57k and spending of $55k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $57k (+244%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope4gaston sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include New Beginnings Mercy House ($57k), Buena Vista Inc ($57k) and Cherith Ministries Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (55% of expenses). At year end it held assets of $61k against liabilities of $5,290, net assets of $55k. It reported 1 employees.