For Hope US Inc

Analysis

For Hope US Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 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, For Hope US Inc reported income of $2.2m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, For Hope US Inc 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 90th percentile within AL. Charities of a similar size with the same main cause include Interactive Resource Center Inc ($2.2m), Girls Incorporated of San Antonio ($2.2m) and Paradise Community Center ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $147k (6.6% of expenses). Other salaries and wages came to $59k. At year end it held assets of $800k against liabilities of $14k, net assets of $786k. It reported 5 employees.