Hope Stone Inc

Analysis

Hope Stone Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Hope Stone Inc reported income of $346k and spending of $345k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $334k to $346k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to May 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Stone Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Carolina Voices Inc ($346k), Women on the Worldstage Wow Inc ($346k) and Center for Contemporary Arts ($346k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $185k. At year end it held assets of $192k against liabilities of $40k, net assets of $152k. It reported 52 employees.