Hope Embraced

Analysis

Hope Embraced is a registered charity in United States, based in North Platte, NE. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Embraced reported income of $67k and spending of $84k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $67k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Embraced sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NE. Charities of a similar size with the same main cause include Divya Jyoti Jagriti Sansthan of Fairfield Inc ($67k), Advance International ($67k) and Connecticut Council for Interreligious Understanding Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.