The Hope Buss Inc

Analysis

The Hope Buss Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, The Hope Buss Inc reported income of $689k and spending of $722k, spending 105% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $425k to $689k (+62%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hope Buss Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Modus Inc ($689k), Tender Loving Care Inc ($690k) and Self Advocates United As 1 ($689k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $395k. At year end it held assets of $286k against liabilities of $0, net assets of $286k. It reported 23 employees.