Hope & Future Inc

Analysis

Hope & Future Inc is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in February 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, Hope & Future Inc reported income of $386k and spending of $429k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $319k to $386k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope & Future Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Larue County Public Schools Athletic Booster Club Inc ($386k), California Fire Chiefs Ems Fire and Education Foundation ($386k) and Institute of Contemporary Psychoanalysis Los Angeles ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (35% of expenses). Other salaries and wages came to $73k. At year end it held assets of $149k against liabilities of $84k, net assets of $66k. It reported 16 employees.