Giving Hope Foundation Inc

Analysis

Giving Hope Foundation Inc is a registered charity in United States, based in Fortville, IN. It received its IRS tax-exemption ruling in May 2018, 8 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, Giving Hope Foundation Inc reported income of $173k and spending of $594, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $173k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 14773%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Giving Hope Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Waipahu Community Adult Day Health Center & Youth Day Care Center ($173k), Community Financial Service ($173k) and Highland Park Community Center ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $703k against liabilities of $0, net assets of $703k.