Growing Hope Through Love

Analysis

Growing Hope Through Love is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in July 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 September 2023, Growing Hope Through Love reported income of $601k and spending of $549k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $538k to $601k (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2020, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Hope Through Love sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Evanston Youth Club for Boys & Girls ($601k), Amazon Salt and Light ($601k) and Share to Care Foundation Inc ($601k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $109k (20% of expenses). Other salaries and wages came to $144k. At year end it held assets of $502k against liabilities of $0, net assets of $502k. It reported 5 employees.