Project Hope Alliance

Analysis

Project Hope Alliance is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Project Hope Alliance reported income of $3.0m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Hope Alliance sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Tulsa Library Trust ($3.0m), Victory Christian Acadamy Inc ($3.0m) and Harris-Stowe Foundation Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $374k (13% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $780k against liabilities of $590k, net assets of $190k. It reported 31 employees.