Hope in Action Inc

Analysis

Hope in Action Inc is a registered charity in United States, based in Prattville, AL. It received its IRS tax-exemption ruling in January 2016, 10 years ago. 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, Hope in Action Inc reported income of $188k and spending of $183k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $188k (-24%), an average of -6.8% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope in Action Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Clinton County Historical Society ($188k), With Our Hands Together Inc ($188k) and Association for Women in Science Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $6,189 (3.4% of expenses). At year end it held assets of $4,465 against liabilities of $58k, net assets of -$53k. It reported 4 employees.