Hope Worldwide Ltd

Analysis

Hope Worldwide Ltd is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. 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 Worldwide Ltd reported income of $328k and spending of $389k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $401k to $328k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Worldwide Ltd sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Soccer Assoc for Youth ($328k), Greater Boise Rotary Foundation Inc ($328k) and Refugee Rising ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $16k. At year end it held assets of $309k against liabilities of $21k, net assets of $288k. It reported 13 employees.