There Is Hope Incorporated

Analysis

There Is Hope Incorporated is a registered charity in United States, based in Upland, CA. It received its IRS tax-exemption ruling in May 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, There Is Hope Incorporated reported income of $4.6m and spending of $4.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.6m (+338%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 130%. 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, There Is Hope Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Daytona Area Senior Services Inc ($4.6m), Family Service of Rochester Inc ($4.6m) and Cabell County Community Services Organization Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $294k (6.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $836k against liabilities of $877k, net assets of -$41k. It reported 24 employees.