Hope Foundation for Women & Children of Bangladesh Inc

Analysis

Hope Foundation for Women & Children of Bangladesh Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Foundation for Women & Children of Bangladesh Inc reported income of $820k and spending of $1.1m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $820k (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Foundation for Women & Children of Bangladesh Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Nalwoodi Denzhone - Strength and Beauty Community ($820k), Thomas N Lynn Institute for Healthcare Research Inc ($820k) and Valor Clinic Foundation ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (14% of expenses). Other salaries and wages came to $65k. At year end it held assets of $73k against liabilities of $0, net assets of $73k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.