Power of Hope Foundation

Analysis

Power of Hope Foundation is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Power of Hope Foundation reported income of $214k and spending of $686k, spending 321% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $214k (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Power of Hope Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Childrens Chain ($214k), Peoples Impact Network Inc ($214k) and Reeths Puffer Band Parents Inc ($214k).

At year end it held assets of $24k against liabilities of $0, net assets of $24k.