Hope Resources

Analysis

Hope Resources is a registered charity in United States, based in Coloma, MI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Hope Resources reported income of $57k and spending of $67k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-4.2%), an average of -4.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Resources sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Wellness Works Inc ($57k), Caldwell Enrichment Program Inc ($57k) and Peer Based Alliance Charitable Organization a NJ Nonprofit Corp ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $110k against liabilities of $29k, net assets of $81k.