Project Hope Inc

Analysis

Project Hope Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1987, 39 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 2023, Project Hope Inc reported income of $275k and spending of $239k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $206k to $275k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NE. Charities of a similar size with the same main cause include We Carry Kevan ($275k), Twenty-One Senses Inc NFP ($275k) and Rotary Club of Naples Charitable Foundation Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (25% of expenses). Other salaries and wages came to $28k. At year end it held assets of $282k against liabilities of $2,818, net assets of $279k. It reported 3 employees.