Hope Heals

Analysis

Hope Heals is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2013, 13 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 2022, Hope Heals reported income of $2.3m and spending of $1.8m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $2.3m (+103%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Heals sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Westonwood Ranch Inc ($2.3m), Angels and Sparrows Soup Kitchen Inc ($2.3m) and Holly Hill Childrens Home Inc ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $304k (17% of expenses). Other salaries and wages came to $269k. At year end it held assets of $2.3m against liabilities of $30k, net assets of $2.2m. It reported 6 employees.