Hope Alive Incorporated

Analysis

Hope Alive Incorporated is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Alive Incorporated reported income of $500k and spending of $448k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $666k to $500k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Alive Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Coronado Island Film Festival ($500k), Augusta Mini Theatre Inc ($501k) and Arts Gowanus Inc ($500k).

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 $36k (8.0% of expenses). At year end it held assets of $544k against liabilities of $20, net assets of $544k.