Increasing H O P E

Analysis

Increasing H O P E is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in July 2006, 20 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 2022, Increasing H O P E reported income of $946k and spending of $784k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $130k to $946k (+627%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Increasing H O P E sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Omega House Inc ($946k), Harvest of Israel Inc ($946k) and St Marys Early Childhood Learning Center ($946k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $70k (9.0% of expenses). Other salaries and wages came to $390k. At year end it held assets of $359k against liabilities of $194k, net assets of $165k. It reported 17 employees.