Abc Hopes Inc

Analysis

Abc Hopes Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Abc Hopes Inc reported income of $362k and spending of $399k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $360k to $362k (+0.3%), an average of +0.3% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abc Hopes Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Myasthenia Gravis Association ($362k), American Orthopedic Foundation ($362k) and Happy Camp Volunteer Ambulance ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $23k (5.8% of expenses). Other salaries and wages came to $143k. It paid $17k in professional fundraising fees. At year end it held assets of $133k against liabilities of $6,608, net assets of $126k. It reported 20 employees.