Columbus Hope Foundations Inc

Analysis

Columbus Hope Foundations Inc is a registered charity in United States, based in Pawleys Isl, SC. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2024, Columbus Hope Foundations Inc reported income of $295k and spending of $292k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $338k to $295k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Columbus Hope Foundations 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 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include May River High School Booster Club ($295k), Impact 100 Greater Sacramento ($295k) and Robert U and Roberta Goldman Family Foundation ($295k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.