Project Hope Foundation Inc

Analysis

Project Hope Foundation Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Project Hope Foundation Inc reported income of $14.3m and spending of $14.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $14.3m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Other Ones Foundation Inc ($14.3m), Gateway Community Industries Inc ($14.3m) and Mary Queen and Mother Association ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $199k (1.4% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $13.1m against liabilities of $3.6m, net assets of $9.5m. It reported 407 employees.