Hope Horizon East Palo Alto

Analysis

Hope Horizon East Palo Alto is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Hope Horizon East Palo Alto reported income of $1.3m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Horizon East Palo Alto sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Loving on Purpose ($1.3m), Higher Things Inc ($1.3m) and Midtown Family Services ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $88k (6.2% of expenses). Other salaries and wages came to $669k. At year end it held assets of $1.7m against liabilities of $464k, net assets of $1.2m. It reported 37 employees.