Only Hope WNC

Analysis

Only Hope WNC is a registered charity in United States, based in E Flat Rock, NC. It received its IRS tax-exemption ruling in April 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, Only Hope WNC reported income of $188k and spending of $194k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $188k (+8.4%), an average of +8.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Only Hope WNC sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Putney Foodshelf Incorporated ($188k), Marblehead Food Pantry Inc ($188k) and Hope Housing of Miami Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 17% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.