Hope Local

Analysis

Hope Local is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 2016, 10 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 Local reported income of $225k and spending of $344k, spending 153% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $345k to $225k (-35%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Local sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Ketchum - Sun Valley Volunteer Associates Inc ($225k), Only the Bible Ministry ($225k) and Father James V Connors Endowment TR Fund ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (23% of expenses). Other salaries and wages came to $153k. At year end it held assets of $144k against liabilities of $5,712, net assets of $139k. It reported 4 employees.