Embassy of Hope Foundation Inc

Analysis

Embassy of Hope Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Embassy of Hope Foundation Inc reported income of $110k and spending of $114k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $71k to $110k (+55%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 428%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Embassy of Hope Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Friends of Gush Katif ($110k), Aurora Chamber Foundation Inc ($110k) and Haigler Community Foundation ($110k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.