Hope S Embrace

Analysis

Hope S Embrace is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, 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 S Embrace reported income of $63k and spending of $126k, spending 199% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $63k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope S Embrace sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Association of Ee Smith Alumni and Friends ($63k), Lawndale Community Day Care ($63k) and Broadwater County Social Services Committee ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $1,469 against liabilities of $0, net assets of $1,469.