Hope Now

Analysis

Hope Now is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in June 2014, 12 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 Now reported income of $58k and spending of $52k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $58k (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Now sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Lest We Forget Inc ($58k), Milton Ffa Alumni Association Inc ($58k) and Samaritan Group Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.