Fabric of Hope Inc

Analysis

Fabric of Hope Inc is a registered charity in United States, based in Livingston, AL. It received its IRS tax-exemption ruling in April 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, Fabric of Hope Inc reported income of $67k and spending of $69k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $67k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fabric of Hope Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Masterspeace Ministries Inc ($67k), Mt Calvary Missionary Baptist Church ($67k) and Soul Reparations ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,914 against liabilities of $0, net assets of $8,914.