Outlets for Hope Inc

Analysis

Outlets for Hope Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. 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, Outlets for Hope Inc reported income of $271k and spending of $154k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $271k (+1104%), an average of +1104% a year. The sharpest change came in the year to December 2023, when income rose by 1104%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Outlets for Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Pathways Futures Inc ($271k), Visiting Christian Science Nursing Service of New Jersey Inc ($271k) and Coburn Free Library ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.