Hope for the Hungry Inc

Analysis

Hope for the Hungry Inc is a registered charity in United States, based in Belton, TX. It received its IRS tax-exemption ruling in June 1983, 43 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, Hope for the Hungry Inc reported income of $717k and spending of $756k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $723k to $717k (-0.8%), an average of -0.2% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope for the Hungry Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Wonder-Voyage Missions Inc ($717k), Main Street Family Services ($717k) and Kerman Christian School ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $58k (7.7% of expenses). Other salaries and wages came to $16k. At year end it held assets of $517k against liabilities of $14k, net assets of $503k. It reported 6 employees.