Onward Hope Incorporated

Analysis

Onward Hope Incorporated is a registered charity in United States, based in Phoenix, AZ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Onward Hope Incorporated reported income of $262k and spending of $207k, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $408k to $262k (-36%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Onward Hope Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Step Up Parents ($262k), One Nation Walking Together ($262k) and Depot Exchange Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $57k. At year end it held assets of $15k against liabilities of $196k, net assets of -$181k. It reported 3 employees.