Cape Hope

Analysis

Cape Hope is a registered charity in United States, based in N Cape May, NJ. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cape Hope reported income of $67k and spending of $53k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $67k (+12%), an average of +12% a year. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cape Hope sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include John & Charles Wesley Center Inc ($67k), Faith Angler Network ($67k) and Key Ministries Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.