Hope Through Education -- a Fund for Better Futures Inc

Analysis

Hope Through Education -- a Fund for Better Futures Inc is a registered charity in United States, based in Gladstone, NJ. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Through Education -- a Fund for Better Futures Inc reported income of $1.1m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $891k to $1.1m (+28%), an average of +6.3% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Through Education -- a Fund for Better Futures Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Rehearsal for Life Inc ($1.1m), Responsible Artificial Intelligence Institute ($1.1m) and Spaulding Wooden Boat Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $113k (8.9% of expenses). Other salaries and wages came to $65k. At year end it held assets of $235k against liabilities of $42k, net assets of $193k. It reported 3 employees.