Hope Economy Inc

Analysis

Hope Economy Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Economy Inc reported income of $338k and spending of $426k, spending 126% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.1m to $338k (-70%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Economy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Orthodox Christian Network Inc ($338k), Echo Ministries ($338k) and Seeds of Hope Neighborhood Center ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $776k against liabilities of $0, net assets of $776k.