Worc 4 Hope Inc

Analysis

Worc 4 Hope Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 November 2023, Worc 4 Hope Inc reported income of $168k and spending of $164k, spending 98% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $120k to $168k (+40%), an average of +40% a year. The sharpest change came in the year to November 2023, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worc 4 Hope Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Workforce Development Services Inc ($168k), LA Jolla Kiwanis Foundation ($168k) and Rotary Club of Springfield Ohio Foundation ($168k).

On its Form 990-EZ for the period ending November 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.