Bundles of Hope Inc

Analysis

Bundles of Hope Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Bundles of Hope Inc reported income of $2.4m and spending of $1.2m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $2.4m (+642%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 482%. Over the whole period it spent 72% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Bundles of Hope Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include Vision Atlanta Inc ($2.4m), Houston Minority Business Council Inc ($2.4m) and Arkansas Coalition Against Sexual Assault ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (9.2% of expenses). Other salaries and wages came to $48k. At year end it held assets of $2.2m against liabilities of $222k, net assets of $1.9m. It reported 4 employees.