1hope Together Inc

Analysis

1hope Together Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in December 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 July 2024, 1hope Together Inc reported income of $270k and spending of $281k, spending 104% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $218k to $270k (+24%), an average of +5.5% a year. The sharpest change came in the year to July 2024, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1hope Together Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Mascoutah Senior Service ($270k), Smelter City Senior Citizens Center ($270k) and Alliance for Fertility Preservation Inc ($270k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (25% of expenses). Other salaries and wages came to $74k. At year end it held assets of $116k against liabilities of $0, net assets of $116k. It reported 4 employees.