World Hope Inc

Analysis

World Hope Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, World Hope Inc reported income of $588k and spending of $788k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $588k (+3.9%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Hope Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Mexican Gospel Mission Inc ($588k), Lake Country Swim Team Ltd ($588k) and National Church Residences ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $113k. At year end it held assets of $297k against liabilities of $198k, net assets of $99k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.