Hip-Hope Inc

Analysis

Hip-Hope Inc is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Hip-Hope Inc reported income of $325k and spending of $333k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $151k to $325k (+116%), an average of +116% a year. The sharpest change came in the year to August 2023, when income rose by 116%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hip-Hope Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Rsa of Dance and Performing Arts ($324k), Michigan Jewish Center for Learning Development ($325k) and R a W Ministries Inc ($324k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.