Hope South Florida Inc

Analysis

Hope South Florida Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 1996, 30 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, Hope South Florida Inc reported income of $3.8m and spending of $3.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $3.8m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope South Florida Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Tri-County YMCA Inc ($3.8m), Lighthouse Mentoring Center ($3.8m) and Eps Essential Pregnancy Services Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $406k. It reported 44 employees.