Hope United Incorporated

Analysis

Hope United Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope United Incorporated reported income of $148k and spending of $160k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $204k to $148k (-27%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope United Incorporated 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 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Richard Bush Renewal Center ($148k), Enriched Word Ministries Inc ($148k) and Vajra Flame Foundation ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,133 against liabilities of $0, net assets of $5,133.