Hope for Honduras Inc

Analysis

Hope for Honduras Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 2002, 24 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 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 for Honduras Inc reported income of $617k and spending of $611k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $863k to $617k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope for Honduras Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Global Hope Partners ($617k), Center for a Free Cuba ($617k) and Answering the Call Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $5,197 in professional fundraising fees. At year end it held assets of $119k against liabilities of $0, net assets of $119k.