Giving Hope Inc

Analysis

Giving Hope Inc is a registered charity in United States, based in New Orleans, LA. 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 December 2023, Giving Hope Inc reported income of $19.2m and spending of $17.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.7m to $19.2m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Giving Hope Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include United Helpers Care Inc ($19.2m), Springfield Rescue Mission Inc ($19.2m) and Aspire of Illinois ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $128k (0.7% of expenses). Other salaries and wages came to $974k. At year end it held assets of $9.8m against liabilities of $750k, net assets of $9.0m. It reported 37 employees.