Hopes Path

Analysis

Hopes Path is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 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 September 2023, Hopes Path reported income of $394k and spending of $396k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $230k to $394k (+72%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Path sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Empowerment Collaborative of Long Island Inc ($394k), Legacy Farms ($394k) and Jitterbugs Preschool and Daycare Center Inc ($394k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $206k. It paid $22k in professional fundraising fees. At year end it held assets of $867k against liabilities of $15k, net assets of $852k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.