Hope for the World Inc

Analysis

Hope for the World Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in January 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, Hope for the World Inc reported income of $526k and spending of $491k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $526k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for the World Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Northern Berkshire United Way Inc ($526k), Lord Berkeley Conservation Trust ($526k) and Plainview Christian School ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (8.2% of expenses). At year end it held assets of $66k against liabilities of $0, net assets of $66k.