Hope Supply Co

Analysis

Hope Supply Co is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Supply Co reported income of $4.2m and spending of $4.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Supply Co 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 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Arm in Arm Inc ($4.2m), Family Care Services Inc ($4.2m) and Reach Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $166k (4.1% of expenses). At year end it held assets of $2.7m against liabilities of $280k, net assets of $2.4m. It reported 10 employees.