Hope Global Initiative

Analysis

Hope Global Initiative is a registered charity in United States, based in Newnan, GA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Global Initiative reported income of $566k and spending of $260k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $566k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Global Initiative sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Stryckers Bay Neighborhood Council Inc ($566k), Bates County Industries Inc ($566k) and Endeavor Colorado ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $31k (12% of expenses). Other salaries and wages came to $49k. At year end it held assets of $913k against liabilities of $281k, net assets of $633k. It reported 9 employees.