The Prisoners Hope Inc

Analysis

The Prisoners Hope Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 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, The Prisoners Hope Inc reported income of $489k and spending of $496k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $489k (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Prisoners Hope 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 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Sacramento Mountain Senior Services ($489k), Family & Childrens Aid Supporting Foundation Inc ($489k) and Fawco Foundation ($489k).

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 $185k (37% of expenses). It paid $4,300 in professional fundraising fees. At year end it held assets of $145k against liabilities of $22k, net assets of $124k. It reported 5 employees.