Hope Unlimited Inc

Analysis

Hope Unlimited Inc is a registered charity in United States, based in Iola, KS. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, Hope Unlimited Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $727k to $1.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Unlimited Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Juntos ($1.0m), Wilton Volunteer Ambulance Corps Inc ($1.0m) and Sanctuary Collective ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $67k (6.7% of expenses). Other salaries and wages came to $679k. At year end it held assets of $1.1m against liabilities of $899k, net assets of $215k. It reported 24 employees.