Historic Hope Foundation Inc

Analysis

Historic Hope Foundation Inc is a registered charity in United States, based in Windsor, NC. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Hope Foundation Inc reported income of $123k and spending of $209k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $132k to $123k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Hope Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include International Society for Ion Mobility Spectrometry Inc ($123k), Korean Literature Society Ofamerica ($123k) and Easter Island Statue Preservation Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 12% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.1m against liabilities of $149k, net assets of $986k. It reported 8 employees.