Hopeful Ways Inc

Analysis

Hopeful Ways Inc is a registered charity in United States, based in Getzville, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 February 2024, Hopeful Ways Inc reported income of $51k and spending of $44k, spending 87% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $13k to $51k (+290%), an average of +40% a year. The sharpest change came in the year to February 2024, when income rose by 92%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hopeful Ways Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Bukas Loob Sa Diyos Foundation of Los Angeles Inc ($50k), Heart to Hand Ministries Inc ($51k) and School for Contemplative Living ($50k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.