Convoy of Hope

Analysis

Convoy of Hope is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Convoy of Hope reported income of $435.6m and spending of $364.5m, spending 84% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $194.8m to $435.6m (+124%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Convoy of Hope sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MO. Charities of a similar size with the same main cause include Heart to Heart International Inc ($410.1m), Food for the Poor Inc ($453.9m) and American Jewish Joint Distribution Committee Inc ($409.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $3.7m (1.0% of expenses). Other salaries and wages came to $16.4m. It paid $1.6m in professional fundraising fees. At year end it held assets of $160.2m against liabilities of $4.4m, net assets of $155.9m. It reported 284 employees.