We R Hope

Analysis

We R Hope is a registered charity in United States, based in Chester, VT. It received its IRS tax-exemption ruling in April 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 June 2024, We R Hope reported income of $1.0m and spending of $1.1m, spending 112% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income grew from $337k to $1.0m (+198%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We R Hope sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Nirs Research and Education Fund ($1.0m), Family-To-Family Inc ($1.0m) and Tippecanoe County Council on Aging Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $465k (41% of expenses). At year end it held assets of $423k against liabilities of $476k, net assets of -$53k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.