Hope Redefined

Analysis

Hope Redefined is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hope Redefined reported income of $227k and spending of $240k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $210k to $227k (+7.9%), an average of +3.9% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Redefined sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Compass Community ($227k), Prison Evangelism ($227k) and Via Christi Society ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $72k (30% of expenses). At year end it held assets of $34k against liabilities of $0, net assets of $34k.