Hope 1312 Collective Inc

Analysis

Hope 1312 Collective Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hope 1312 Collective Inc reported income of $491k and spending of $439k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $491k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope 1312 Collective Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include St Francis Xavier Conference of St Vincent de Paul ($491k), Instituto de Psicotraumatologia de PR ($491k) and Shalveh Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $131k (30% of expenses). At year end it held assets of $660k against liabilities of $7,650, net assets of $652k. It reported 5 employees.