Growing Hope Globally

Analysis

Growing Hope Globally is a registered charity in United States, based in Western Springs, IL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, 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 March 2024, Growing Hope Globally reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.6m to $2.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to March 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Hope Globally sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Raksha Inc ($2.9m), Collaborative for Fresh Produce ($2.9m) and Care Dynamics Incorporate ($2.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $199k (6.7% of expenses). Other salaries and wages came to $280k. At year end it held assets of $4.2m against liabilities of $247k, net assets of $3.9m. It reported 9 employees.