Gathering Hope

Analysis

Gathering Hope is a registered charity in United States, based in Aledo, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gathering Hope reported income of $87k and spending of $63k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $87k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gathering Hope sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Amazing Tails LLC ($87k), Mercy Way Alliance Inc ($88k) and Takfik Namati TV ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 123% of the total. At year end it held assets of $50k against liabilities of $2,430, net assets of $47k.