Hope Adoption Inc

Analysis

Hope Adoption Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Adoption Inc reported income of $263k and spending of $247k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $263k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Adoption Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Beautiful Feet Global Outreach Inc ($263k), Rising Hope Equestrian Center ($263k) and Pastoral Care and Counseling Institute of Durham-Chapel Hill ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $81k (33% of expenses). Other salaries and wages came to $80k. At year end it held assets of $465k against liabilities of $118k, net assets of $347k. It reported 7 employees.