Hope for Widows

Analysis

Hope for Widows is a registered charity in United States, based in Forney, TX. It received its IRS tax-exemption ruling in April 2020, 6 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 for Widows reported income of $56k and spending of $35k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $23k to $56k (+143%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Widows sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Livin Foundation ($56k), Tucson Border Patrol Morale Welfare and Recreation ($56k) and Ebenezer International Mission Inc ($56k).

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 $6,000 (17% of expenses). At year end it held assets of $81k against liabilities of $170, net assets of $81k.