Food for Hope

Analysis

Food for Hope is a registered charity in United States, based in Eastlake, CO. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Food for Hope reported income of $576k and spending of $589k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $305k to $576k (+89%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Hope sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Freedom Lake Inc ($576k), Mariatu S Hope Inc ($576k) and American Debt Resources Inc ($576k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $3,372. At year end it held assets of $381k against liabilities of $23k, net assets of $358k.