Refugee Hope Partners Inc

Analysis

Refugee Hope Partners Inc is a registered charity in United States, based in Raleigh, NC. 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, Refugee Hope Partners Inc reported income of $1.7m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $1.7m (+515%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 185%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Refugee Hope Partners Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Assistance to the Elderly Inc ($1.7m), Florence Crittenton Programs of South Carolina Inc ($1.7m) and Valuing Our Children ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $112k (5.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $582k against liabilities of $278k, net assets of $304k. It reported 48 employees.