Hope Foundation of Binghamton

Analysis

Hope Foundation of Binghamton is a registered charity in United States, based in Johnson City, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundation of Binghamton reported income of $164k and spending of $146k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $218k to $164k (-25%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Foundation of Binghamton sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Without Spot or Wrinkle Ministries ($164k), Calvary Way Ministries Inc ($164k) and Philadelphia Buddhist Light Temple Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $332k against liabilities of $550, net assets of $332k.