Hope Blooms

Analysis

Hope Blooms is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in August 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 Blooms reported income of $301k and spending of $179k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $301k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Blooms 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 62nd percentile, and in the 57th percentile within ND. Charities of a similar size with the same main cause include Grahams Foundation ($301k), Turnout Inc ($302k) and Meals on Wheels of Hancock County Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Other salaries and wages came to $113k. At year end it held assets of $246k against liabilities of $21, net assets of $246k.