Fob Hope

Analysis

Fob Hope is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in August 2017, 9 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, Fob Hope reported income of $641k and spending of $676k, spending 105% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $236k to $641k (+172%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 164%. 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, Fob Hope sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Taylor County Senior Citizens Center ($641k), For Goodness Cakes ($641k) and Santa Chiara Childrens Center ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $219k, net assets of -$172k. It reported 2 employees.