Hope Impacts

Analysis

Hope Impacts is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Hope Impacts reported income of $317k and spending of $309k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $124k to $317k (+157%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Impacts sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Buddy Fund ($317k), Statewide Independent Living Council of Alaska Inc ($317k) and Hope Medical Outreach Coalition ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $98k. At year end it held assets of $292k against liabilities of $3,267, net assets of $289k. It reported 7 employees.