Driving Hope Foundation

Analysis

Driving Hope Foundation is a registered charity in United States, based in Signal Hill, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Driving Hope Foundation reported income of $142k and spending of $145k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $142k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Driving Hope Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include So Le Hi Kid Care ($142k), Braden River High School Athletic Booster Club ($142k) and Sharon Public Library Foundation Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.