The Hope Effect

Analysis

The Hope Effect is a registered charity in United States, based in Peoria, AZ. 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, The Hope Effect reported income of $729k and spending of $771k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $729k (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hope Effect sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include The Arc of Oklahoma Inc ($729k), James Lenox House Association Inc ($729k) and Central Day Care Center ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (15% of expenses). Other salaries and wages came to $65k. At year end it held assets of $293k against liabilities of $12k, net assets of $281k. It reported 4 employees.