Hope for the Hopeless

Analysis

Hope for the Hopeless is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2018, 8 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 for the Hopeless reported income of $199k and spending of $213k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $199k (+6.4%), an average of +6.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for the Hopeless sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within AZ. Charities of a similar size with the same main cause include Summit Adaptive Sports Inc ($199k), Foundation for the Least Last & Lost of Visalia Inc ($199k) and Brownfield Senior Citizens Incorporated ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (8.4% of expenses). At year end it held assets of $16k against liabilities of $12k, net assets of $4,249. It reported 1 employees.