Build Hope Inc

Analysis

Build Hope Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2003, 23 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, Build Hope Inc reported income of $641k and spending of $584k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $641k (+392%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 410%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Build Hope Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Clear Waters Life Center ($640k), Burlington Bicycle Project Corp ($641k) and Refugees and Immigrants Community for Empowerment ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $48k. At year end it held assets of $770k against liabilities of $529k, net assets of $241k.