Hope Foundation for Aspiring Youth

Analysis

Hope Foundation for Aspiring Youth is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Foundation for Aspiring Youth reported income of $922k and spending of $672k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $922k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hope Foundation for Aspiring Youth sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include The Tenacity Project Inc ($922k), Springfield Area Soccer Assoc ($922k) and De Pere Select Soccer Club ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $82k. At year end it held assets of $697k against liabilities of $2,582, net assets of $694k.