Weavers of Hope

Analysis

Weavers of Hope is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Weavers of Hope reported income of $112k and spending of $79k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $112k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Weavers of Hope sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include TFH Inc ($112k), Ignited by Truth Inc ($112k) and Adoremus-Society for the Renewal of the Sacred Liturgy ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $530, net assets of $92k.