Hope Gardens

Analysis

Hope Gardens is a registered charity in United States, based in Byron Center, MI. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Gardens reported income of $318k and spending of $311k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $133k to $318k (+139%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 77%. 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, Hope Gardens sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include One Challenge USA ($317k), Hands for Haiti ($318k) and Statewide Independent Living Council of Alaska Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $147k. At year end it held assets of $148k against liabilities of $5,935, net assets of $142k. It reported 12 employees.