Fentress Hope Foundation

Analysis

Fentress Hope Foundation is a registered charity in United States, based in Jamestown, TN. It received its IRS tax-exemption ruling in December 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, Fentress Hope Foundation reported income of $213k and spending of $183k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $213k (+73%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fentress Hope Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Butte Regional Transportation Corporation ($213k), Freedom Mobility Foundation ($213k) and Northfield Day Care Center Corporation ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $237k against liabilities of $111k, net assets of $126k. It reported 13 employees.