Hope Institute

Analysis

Hope Institute is a registered charity in United States, based in Mountain BRK, AL. It received its IRS tax-exemption ruling in June 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 Institute reported income of $772k and spending of $946k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $772k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Exceptional Humans Inc ($772k), Acadiana Regional Coalition on Homelessness and Housing ($772k) and Domestic Abuse Intervention Programs ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $372k. At year end it held assets of $678k against liabilities of $280k, net assets of $398k. It reported 4 employees.