Hope Thru Soap Inc

Analysis

Hope Thru Soap Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Thru Soap Inc reported income of $789k and spending of $861k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $455k to $789k (+73%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Thru Soap Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Loop Lab Inc ($789k), Ashtabula County Land Reutilization Corporation ($789k) and Orange County Shared Spaces Foundation ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $324k. At year end it held assets of $97k against liabilities of $18k, net assets of $79k. It reported 11 employees.