Hope for India Inc

Analysis

Hope for India Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Hope for India Inc reported income of $630k and spending of $628k, spending 100% of its income. Across the 3 years on record, from March 2021 to March 2023, income grew from $380k to $630k (+66%), an average of +29% a year. The sharpest change came in the year to March 2022, when income rose by 61%. Over the whole period it spent 81% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope for India Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Variety-The Childrens Charity International ($630k), Onelink International Inc ($630k) and Adventure Project Corp ($630k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. It paid $5,000 in professional fundraising fees. At year end it held assets of $418k against liabilities of $69k, net assets of $349k.