Hope 4 Mobility Inc

Analysis

Hope 4 Mobility Inc is a registered charity in United States, based in Westlake, FL. It received its IRS tax-exemption ruling in November 2012, 14 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 4 Mobility Inc reported income of $63k and spending of $40k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $119k to $63k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 441%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope 4 Mobility Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Central Council of the Society of St Vincent de Paul in the Diocese ($63k), Vietnamese Pharmacists Association USA ($63k) and Womens Journey Foundation ($63k).

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 (45% of expenses). At year end it held assets of $25k against liabilities of $0, net assets of $25k.