Todays Hope

Analysis

Todays Hope is a registered charity in United States, based in Powhatan, VA. It received its IRS tax-exemption ruling in June 2018, 8 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, Todays Hope reported income of $90k and spending of $91k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $90k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Todays Hope sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Alexandria Community Services Corporation ($90k), Katlyns Promise Inc ($90k) and Family Life Center of Greene County Indiana Inc ($90k).

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 $2,600 against liabilities of $0, net assets of $2,600.