Hope Atlanta Inc

Analysis

Hope Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Atlanta Inc reported income of $20.7m and spending of $19.7m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $11.2m to $20.7m (+85%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Atlanta Inc 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 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Human-I-T ($20.7m), Hospice Foundation of Greater Baton Rouge ($20.7m) and Jobs for Maines Graduates Inc ($20.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $8.9m against liabilities of $5.0m, net assets of $3.8m. It reported 113 employees.