Hopes in NFP

Analysis

Hopes in NFP is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hopes in NFP reported income of $231k and spending of $219k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $231k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hopes in NFP sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Lifeline Energy Foundation ($231k), The New American Dream Foundation Inc ($231k) and Homeservices Foundation for Housing Equity ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $75k (34% of expenses). Other salaries and wages came to $3,435. At year end it held assets of $303k against liabilities of $13k, net assets of $290k. It reported 3 employees.