Hopeful Opportunities Presented to Everyone Inc

Analysis

Hopeful Opportunities Presented to Everyone Inc is a registered charity in United States, based in North Port, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopeful Opportunities Presented to Everyone Inc reported income of $386k and spending of $472k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $386k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hopeful Opportunities Presented to Everyone Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Minority Community Investment Coalition ($386k), Homeaid Austin Inc ($386k) and Ruritan Club of Clarke County ($386k).

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 $88k (19% of expenses). Other salaries and wages came to $17k. At year end it held assets of $35k against liabilities of $70k, net assets of -$34k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.