Hope Fund Inc

Analysis

Hope Fund Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Hope Fund Inc reported income of $109k and spending of $105k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $55k to $109k (+99%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Fund Inc sits at the 44th percentile: it is larger than about 44% 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 Kansas Farm Bureau Legal Foundation ($109k), Amigos Del Ecuador Foundation Inc ($109k) and Jewish Social Service Committee of New Brunswick and Highland Park in ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.