Hope for Tomorrow

Analysis

Hope for Tomorrow is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2024, Hope for Tomorrow reported income of $83k and spending of $114k, spending 138% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $117k to $83k (-29%), an average of -29% a year. The sharpest change came in the year to July 2024, when income dropped by 29%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope for Tomorrow sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Kiwanis Club of Roseville ($83k), Ellavation ($83k) and Northampton Area Konkrete Kids Educational Foundation ($83k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.