Hopes Gate

Analysis

Hopes Gate is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hopes Gate reported income of $96k and spending of $104k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $96k (+2.6%), an average of +2.6% a year. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hopes Gate sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Kenyan Health Care Initiatives Inc ($96k), Teachers for Africa Inc ($96k) and American Medical Institute Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.