Knowing Hope Inc

Analysis

Knowing Hope Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Knowing Hope Inc reported income of $171k and spending of $164k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $125k to $171k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Knowing Hope Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Kids Connection Haiti Inc ($171k), American Friends of Zichron Yosef Relier Fund Inc ($171k) and Pakistan Literacy Fund ($171k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.