Hope Acts

Analysis

Hope Acts is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 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, Hope Acts reported income of $819k and spending of $777k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $819k (+228%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 355%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Acts sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Mercy Deliverance Ministries ($819k), Devalles Memorial Family Service Center Inc ($819k) and Ohio County & Independent Agricultural Societies ($819k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $72k (9.2% of expenses). Other salaries and wages came to $416k. At year end it held assets of $1.5m against liabilities of $29k, net assets of $1.4m. It reported 14 employees.