Give Hope Inc

Analysis

Give Hope Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Give Hope Inc reported income of $978k and spending of $936k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $978k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Give Hope Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include MCCB Transitions Inc ($976k), Esas Foundation ($978k) and South Central Regional Library Council ($975k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $57k. At year end it held assets of $292k against liabilities of $1,139, net assets of $291k. It reported 2 employees.