Hope Creates

Analysis

Hope Creates is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Creates reported income of $199k and spending of $192k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $164k to $199k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Creates sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within MO. Charities of a similar size with the same main cause include Wepa Empowerment Center ($199k), Italian American Forum Inc ($199k) and Nantucket Tipping Point Inc ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $52k (27% of expenses). Other salaries and wages came to $41k. At year end it held assets of $151k against liabilities of $11k, net assets of $140k. It reported 2 employees.