Hope for More Foundation Inc

Analysis

Hope for More Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 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, Hope for More Foundation Inc reported income of $578k and spending of $569k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $292k to $578k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for More Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Neighbor Ride Inc ($578k), Pacifica Foundation Seattle ($578k) and Columbia County Independent Living Inc ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $12k. At year end it held assets of $108k against liabilities of $75k, net assets of $33k.