Hope Unlimited Inc

Analysis

Hope Unlimited Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 Unlimited Inc reported income of $60k and spending of $113k, spending 189% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $60k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 237% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Unlimited Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within DE. Charities of a similar size with the same main cause include Wakefield Health Care Center Inc ($60k), At&t Veterans ($60k) and United Way of McDuffie County Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $1,392 against liabilities of $45k, net assets of -$44k.