Operation Hope of Greater Florida Inc

Analysis

Operation Hope of Greater Florida Inc is a registered charity in United States, based in Fellsmere, FL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Operation Hope of Greater Florida Inc reported income of $514k and spending of $587k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $454k to $514k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation Hope of Greater Florida Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Meals on Wheels of Greater St Louis ($514k), St James Golden Age Center ($514k) and Berlin Community Day Care ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $43k (7.4% of expenses). At year end it held assets of $2.7m against liabilities of $14k, net assets of $2.7m. It reported 2 employees.