The Hope Foundation of the Mahoning Valley Inc

Analysis

The Hope Foundation of the Mahoning Valley Inc is a registered charity in United States, based in Canfield, OH. It received its IRS tax-exemption ruling in October 2009, 17 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, The Hope Foundation of the Mahoning Valley Inc reported income of $54k and spending of $18k, leaving 67% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $62k to $54k (-13%), an average of -13% a year. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Hope Foundation of the Mahoning Valley Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Friends of the Costa Mesa Libraries ($54k), Lucerne Valley Lions Club Foundation Inc ($54k) and Henrys Heroes Foundation Inc ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 136% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.