Promise of Hope Inc

Analysis

Promise of Hope Inc is a registered charity in United States, based in Cochran, GA. It received its IRS tax-exemption ruling in February 2000, 26 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, Promise of Hope Inc reported income of $641k and spending of $721k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $621k to $641k (+3.2%), an average of +0.8% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Promise of Hope Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Zichru Inc ($640k), Organization of North Amerian Shia Ithna-Asheri Muslim ($641k) and Assisting Indigenous Ministries International Inc ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $305k. At year end it held assets of $792k against liabilities of $35k, net assets of $757k. It reported 12 employees.