Future Hope Inc

Analysis

Future Hope Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in December 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, Future Hope Inc reported income of $69k and spending of $62k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $69k (-6.9%), an average of -6.9% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Future Hope Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Modesto Garden Club Inc ($69k), River Raisin Institute ($69k) and KT Humble Hearts Foundation ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.