Hope for the Future

Analysis

Hope for the Future is a registered charity in United States, based in Orangevale, CA. It received its IRS tax-exemption ruling in March 2003, 23 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 the Future reported income of $68k and spending of $81k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $68k (-8.9%), an average of -8.9% a year. 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 the Future sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Friends of Childrens Village ($68k), Star of Hope Centre - USA ($68k) and Adei Foundation Inc ($68k).

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 $82k against liabilities of $0, net assets of $82k.