Hope to Opportunities Foundation

Analysis

Hope to Opportunities Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 to Opportunities Foundation reported income of $1.4m and spending of $123k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope to Opportunities Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Chaffee County Community Foundation ($1.4m), Life Charities Inc ($1.4m) and Franklin County Area United Way Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.0% of the total. Other salaries and wages came to $85k. At year end it held assets of $5.9m against liabilities of $68k, net assets of $5.8m. It reported 1 employees.