Friends for Hope

Analysis

Friends for Hope is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends for Hope reported income of $98k and spending of $206k, spending 211% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $98k (+6.5%), an average of +6.5% a year. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends for Hope sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within AL. Charities of a similar size with the same main cause include Village Keepers Inc ($98k), Joey Hamby Ministries Inc ($98k) and Orange Lamb Ministries ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.