Way of Hope India

Analysis

Way of Hope India is a registered charity in United States, based in Goode, VA. It received its IRS tax-exemption ruling in December 2019, 7 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, Way of Hope India reported income of $65k and spending of $29k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $84k to $65k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way of Hope India sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Candy for Caring Inc ($65k), Global Youth Initiative for Transformation ($65k) and Elite Community Foundation Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $113k against liabilities of $1,037, net assets of $112k.