The Reel Hope Project

Analysis

The Reel Hope Project is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Reel Hope Project reported income of $740k and spending of $729k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $356k to $740k (+108%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Reel Hope Project sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Most Valuable Kids Inc ($739k), Khuba International ($740k) and Code Girls United ($739k).

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 $99k (14% of expenses). Other salaries and wages came to $376k. It paid $2,117 in professional fundraising fees. At year end it held assets of $780k against liabilities of $43k, net assets of $737k. It reported 10 employees.