Hope Connections Inc

Analysis

Hope Connections Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in January 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, Hope Connections Inc reported income of $2.5m and spending of $1.4m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.5m (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Connections Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Child Crisis Center of El Paso ($2.5m), Salt Outreach Inc ($2.5m) and Young Mens Christian Association of Southern West Virginia Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $93k (6.5% of expenses). Other salaries and wages came to $782k. At year end it held assets of $3.5m against liabilities of $287k, net assets of $3.2m. It reported 38 employees.