Resources of Hope Inc

Analysis

Resources of Hope Inc is a registered charity in United States, based in Whiteland, IN. It received its IRS tax-exemption ruling in June 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 December 2023, Resources of Hope Inc reported income of $219k and spending of $120k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $219k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resources of Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Arts Foundation for Seniors Inc ($219k), Ita-Bel-Koo Day Activity Center Inc ($219k) and Community Housing Options Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $48k. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 3 employees.