Asd Hope Inc

Analysis

Asd Hope Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Asd Hope Inc reported income of $889k and spending of $872k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $369k to $889k (+141%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asd Hope Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include SC Jensen Corporation Inc ($889k), Sprinkler Fitter 268 Joint Apprentice and Training Fund ($889k) and Tri-County Cradle-To-Career Collaborative ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $324k. It paid $54k in professional fundraising fees. At year end it held assets of $105k against liabilities of $56k, net assets of $50k. It reported 14 employees.