Hope PKGS Inc

Analysis

Hope PKGS Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in February 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 January 2024, Hope PKGS Inc reported income of $103k and spending of $88k, spending 85% of its income. Across the 2 years on record, from January 2023 to January 2024, income fell from $148k to $103k (-30%), an average of -30% a year. The sharpest change came in the year to January 2024, when income dropped by 30%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope PKGS Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Algonquin-Casino Management Inc ($103k), Hospice of Tift Area Inc ($103k) and Construct a Kids Christmas ($103k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $389, net assets of $108k.