Theres Hope America Inc

Analysis

Theres Hope America Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in April 1992, 34 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, Theres Hope America Inc reported income of $363k and spending of $321k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $363k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theres Hope America Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Fathers Glory International Inc ($363k), Christian Cultural Ministries International Inc ($363k) and Fountaingate Ministries International Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $109k (34% of expenses). Other salaries and wages came to $379. At year end it held assets of $138k against liabilities of $25k, net assets of $113k. It reported 2 employees.