Array of Hope Inc

Analysis

Array of Hope Inc is a registered charity in United States, based in Old Tappan, NJ. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Array of Hope Inc reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $692k to $1.2m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Array of Hope Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Union Baptist Association ($1.2m), The Empowerment Center ($1.2m) and Sikh Research Institute Sri ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $158k (13% of expenses). Other salaries and wages came to $532k. At year end it held assets of $531k against liabilities of $63k, net assets of $468k. It reported 13 employees.