H O P E Literacy Inc

Analysis

H O P E Literacy Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2002, 24 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, H O P E Literacy Inc reported income of $72k and spending of $110k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $72k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 185% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H O P E Literacy Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Orange County Childrens Toy Box ($72k), CPD Real Estate Holdings Inc ($72k) and Pink Ribbons of Endurance ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. At year end it held assets of $36k against liabilities of $660, net assets of $35k.