Apostolate of Our Lady of Hope

Analysis

Apostolate of Our Lady of Hope is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in May 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apostolate of Our Lady of Hope reported income of $201k and spending of $439k, spending 218% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $201k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 475%. Over the whole period it spent 54% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Apostolate of Our Lady of Hope sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Act for Congo Inc ($201k), BD Foundation Inc ($202k) and Caring Response-Madagascar Foundation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $24k (5.5% of expenses). At year end it held assets of $1.4m against liabilities of $24k, net assets of $1.4m. It reported 1 employees.