Hopeaustin

Analysis

Hopeaustin is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in June 2016, 10 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, Hopeaustin reported income of $435k and spending of $418k, spending 96% of its income. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopeaustin sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Loving Choice Pregnancy Resource Center Inc ($435k), Hayward Community Food Shelf Inc ($436k) and Jacks Foundation for the Homeless Inc ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.