Hope Alliance

Analysis

Hope Alliance is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 Alliance reported income of $3.5m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.5m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Alliance sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include New Life Community Services Inc ($3.5m), St Albans Day Nursery Inc ($3.5m) and Ronald McDonald House Charities Dayton ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $226k (6.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.0m. It reported 73 employees.