Haleys Hope Inc

Analysis

Haleys Hope Inc is a registered charity in United States, based in West Fargo, ND. It received its IRS tax-exemption ruling in May 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, Haleys Hope Inc reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $1.1m (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haleys Hope Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within ND. Charities of a similar size with the same main cause include Horizon Outreach ($1.1m), Walloon Lake Association and Conservancy ($1.1m) and Helping Our Women Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $81k (7.7% of expenses). Other salaries and wages came to $556k. At year end it held assets of $2.6m against liabilities of $2.1m, net assets of $444k. It reported 44 employees.