A Better Hope Inc

Analysis

A Better Hope Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in January 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, A Better Hope Inc reported income of $171k and spending of $159k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $189k to $171k (-9.8%), an average of -9.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Better Hope Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Babycycle Incorporated ($171k), Open Hands Food Pantry ($171k) and Residential Options of Florida Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $28k, net assets of -$1,395.