Hope Extended Inc

Analysis

Hope Extended Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in June 2016, 10 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 Extended Inc reported income of $121k and spending of $121k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $121k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Extended Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Friday Night Supper Program Inc ($121k), Amory Food Pantry Inc ($121k) and Arcs Foundation Inc Illinois Chapter ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.