Well of Hope America

Analysis

Well of Hope America is a registered charity in United States, based in Covington, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Well of Hope America reported income of $370k and spending of $374k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $370k (+90%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Well of Hope America sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include International Association for Hospice and Palliative Care Inc ($370k), Punarnava Healing Community Inc ($370k) and Vertile Foundation Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,949 against liabilities of $0, net assets of $4,949.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.