Hope for All Gulf Coast

Analysis

Hope for All Gulf Coast is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Hope for All Gulf Coast reported income of $11.6m and spending of $7.1m, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.2m to $11.6m (+124%), an average of +22% a year. The sharpest change came in the year to September 2023, when income rose by 90%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for All Gulf Coast sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Futures Explored Inc ($11.6m), Pegasus Schools Inc ($11.6m) and Schenectady Community Action Program Inc ($11.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $312k (4.4% of expenses). At year end it held assets of $7.0m against liabilities of $1.8m, net assets of $5.2m. It reported 56 employees.