Hpa Hope Foundation

Analysis

Hpa Hope Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in June 2015, 11 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, Hpa Hope Foundation reported income of $450k and spending of $80k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $258k to $450k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hpa Hope Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Sunny Bunch Christian Childcare Center Inc ($450k), James P Harrington Organization Inc ($450k) and Seeds of Love ($450k).

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 $669k against liabilities of $0, net assets of $669k.