Carrying Hope

Analysis

Carrying Hope is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 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 December 2023, Carrying Hope reported income of $306k and spending of $335k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $236k to $306k (+29%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carrying Hope sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Community Care Council Inc ($306k), Community Thrift Shop Inc ($306k) and Build-A-Life Foundation ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $122k. At year end it held assets of $181k against liabilities of $26k, net assets of $154k. It reported 5 employees.