Tomorrows Hope Inc

Analysis

Tomorrows Hope Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tomorrows Hope Inc reported income of $4.5m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $4.5m (-18%), an average of -4.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tomorrows Hope Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within ID. Charities of a similar size with the same main cause include Lead Academy Classical School ($4.5m), L Hollingworth School for Talented and Gifted ($4.5m) and East Bay Educational Collaborative ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $1.7m against liabilities of $533k, net assets of $1.2m. It reported 95 employees.