Hope Educational Foundation International Inc

Analysis

Hope Educational Foundation International Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in December 2004, 22 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, Hope Educational Foundation International Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $3.0m to $1.8m (-42%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Educational Foundation International Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Community Child Care Services Inc ($1.8m), Gabriels Villa Inc ($1.8m) and Center for Independent Futures ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $39k against liabilities of $7,211, net assets of $32k.