Hope of Africa Inc

Analysis

Hope of Africa Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 of Africa Inc reported income of $573k and spending of $504k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $311k to $573k (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope of Africa Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MT. Charities of a similar size with the same main cause include Refuge Pregnancy Center Inc ($573k), Connecticut Association for Infant Mental Health Inc ($573k) and Np2 ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $62k (12% of expenses). Other salaries and wages came to $31k. At year end it held assets of $206k against liabilities of $6,407, net assets of $199k. It reported 4 employees.