A Future and a Hope Foundation Inc NFP

Analysis

A Future and a Hope Foundation Inc NFP is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover human services, 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 December 2023, A Future and a Hope Foundation Inc NFP reported income of $61k and spending of $58k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $61k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Future and a Hope Foundation Inc NFP sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Reunion Community Foundation ($61k), Detroit Tigers Foundation of Florida Inc ($61k) and Dotun Ogunyemi MD Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.