Hawassa Hope Inc

Analysis

Hawassa Hope Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hawassa Hope Inc reported income of $563k and spending of $704k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $563k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hawassa Hope Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Well Africa-Usa Inc ($563k), Khayamandi Foundation Inc ($563k) and Iraqi Children Foundation ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (6.5% of expenses). It paid $5,418 in professional fundraising fees. At year end it held assets of $391k against liabilities of $1,560, net assets of $390k. It reported 1 employees.