Hopesprings Counseling Inc

Analysis

Hopesprings Counseling Inc is a registered charity in United States, based in Owens X RDS, AL. It received its IRS tax-exemption ruling in August 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, Hopesprings Counseling Inc reported income of $90k and spending of $81k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $90k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopesprings Counseling 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 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Historic Willamette a Main Street Community ($90k), Woods Foundation of New Jersey Inc ($90k) and Trinity Foundation Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $12k against liabilities of $61, net assets of $12k.