Hope Alive Initiatives

Analysis

Hope Alive Initiatives is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Hope Alive Initiatives reported income of $540k and spending of $507k, spending 94% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $268k to $540k (+102%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Alive Initiatives sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Phuoc Duc Buddhist Cultural Center Inc ($540k), Israel Alliance Corp ($540k) and Dallas Area Interfaith Action Fund ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (4.3% of expenses). At year end it held assets of $16k against liabilities of $16k, net assets of -$276.