Hope for You Inc

Analysis

Hope for You Inc is a registered charity in United States, based in Greenville, TX. It received its IRS tax-exemption ruling in March 2015, 11 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 2022, Hope for You Inc reported income of $288k and spending of $315k, spending 109% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $204k to $288k (+42%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for You Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Ste Genevieve Area Center for Life ($288k), One Voice One Community ($288k) and Community Pregnancy Clinics Foundation Inc ($288k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $861k against liabilities of $248k, net assets of $613k. It reported 1 employees.