Hopeful Restoration Group Inc

Analysis

Hopeful Restoration Group Inc is a registered charity in United States, based in Little River, SC. It received its IRS tax-exemption ruling in November 2021, 5 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, Hopeful Restoration Group Inc reported income of $465k and spending of $67k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $81k to $465k (+476%), an average of +476% a year. The sharpest change came in the year to December 2022, when income rose by 476%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopeful Restoration Group Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Chevra Tomchei Evyonim Support for the Needy Inc ($465k), Credo High Foundation ($465k) and Kings Daughters Ministry ($465k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $598k against liabilities of $0, net assets of $598k.