Free 2 Hope

Analysis

Free 2 Hope is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Free 2 Hope reported income of $63k and spending of $69k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $63k (-4.4%), an average of -4.4% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Free 2 Hope sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Metea Valley Athletic Booster Club NFP ($63k), North Hunterdon Education Foundation ($63k) and Rockingham Rotary Foundation ($63k).

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 $102k against liabilities of $21k, net assets of $81k.