Hope Outreach Inc

Analysis

Hope Outreach Inc is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in May 1993, 33 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 Outreach Inc reported income of $1.1m and spending of $1.3m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Outreach Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within OK. Charities of a similar size with the same main cause include Stand in the Gap Inc ($1.1m), Inner Sunset Stepping Stones ($1.1m) and Chinese American Community Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $88k (6.6% of expenses). Other salaries and wages came to $527k. At year end it held assets of $1.7m against liabilities of $38k, net assets of $1.7m. It reported 74 employees.