Hope4veterans Inc

Analysis

Hope4veterans Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope4veterans Inc reported income of $65k and spending of $74k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $10k to $65k (+541%), an average of +86% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope4veterans Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include PTA Hawaii Congress ($65k), Project Increase ($65k) and PTA Texas Congress ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,229 against liabilities of $0, net assets of $9,229.