Hopefound Inc

Analysis

Hopefound Inc is a registered charity in United States, based in Camas Valley, OR. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hopefound Inc reported income of $280k and spending of $227k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $280k (+25%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hopefound Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Institute for International Cooperation & Development Michigan ($280k), Friends of the University of the Philippines Foundation in America ($280k) and Waypoint Relief ($280k).

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 $119k against liabilities of $883, net assets of $118k.