Hope Has a Name Inc

Analysis

Hope Has a Name Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Has a Name Inc reported income of $75k and spending of $58k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $75k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Has a Name Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Windows of Hope International Children Ministries Inc ($75k), Portland-Kaohsiung Sister City Association ($75k) and Family Preservation Alliance - Uganda Inc ($75k).

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 $26k against liabilities of $0, net assets of $26k.