Hopeful Horizons

Analysis

Hopeful Horizons is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hopeful Horizons reported income of $4.4m and spending of $4.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hopeful Horizons sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Peace Haven ($4.4m), Christians Reaching Out to Society Inc ($4.4m) and Armenian Church Endowment Fund Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $123k (3.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.4m against liabilities of $546k, net assets of $3.8m. It reported 72 employees.