Hope Extended Inc

Analysis

Hope Extended Inc is a registered charity in United States, based in Brookhaven, MS. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Hope Extended Inc reported income of $611k and spending of $557k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $611k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Extended Inc 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 73rd percentile, and in the 74th percentile within MS. Charities of a similar size with the same main cause include Hartley House ($610k), Granite Ridge ($611k) and American Friends of Kesher Yehudi Inc ($610k).

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 $94k against liabilities of $0, net assets of $94k.