Hope and Glory Foundation Inc

Analysis

Hope and Glory Foundation Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hope and Glory Foundation Inc reported income of $50k and spending of $54k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $50k (+11%), an average of +11% a year. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope and Glory Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include People S Club of Nigeria International Inland Empire ($50k), Caring in Our Lifetime ($50k) and Connor William Olson Leadership Fund Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,812 against liabilities of $59k, net assets of -$58k.