Hope Inspire Love Inc

Analysis

Hope Inspire Love Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in December 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, Hope Inspire Love Inc reported income of $292k and spending of $293k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $293k to $292k (-0.3%), an average of -0.3% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Inspire Love Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Covenant Childrens Home and Family Services ($292k), Soaring Eagles II ($292k) and Believe Family Foundation Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $56k (19% of expenses). Other salaries and wages came to $74k. At year end it held assets of $86k against liabilities of $948, net assets of $85k. It reported 4 employees.