510media Hope Foundation Inc

Analysis

510media Hope Foundation Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, 510media Hope Foundation Inc reported income of $58k and spending of $42k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $58k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 510media Hope Foundation Inc 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 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Waterloo 290 Charities for Veterans and Youth Programs Inc ($58k), Dallas Downtown Association ($58k) and BGCDL Title Holding Company ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.