Hope of the Poor Inc

Analysis

Hope of the Poor Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hope of the Poor Inc reported income of $993k and spending of $759k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $993k (+142%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope of the Poor Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Lincoln Heights Outreach Inc ($992k), Valeo Inc ($993k) and Islamic Shia Ithna-Asheri Jamaat of Albany ($992k).

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 $123k (16% of expenses). Other salaries and wages came to $76k. At year end it held assets of $756k against liabilities of $4,189, net assets of $752k. It reported 3 employees.