Hope 365

Analysis

Hope 365 is a registered charity in United States, based in Madison HTS, MI. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Hope 365 reported income of $171k and spending of $456k, spending 266% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $278k to $171k (-38%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope 365 sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Kingdom Care Incorporated ($171k), Billy Foundation ($171k) and Helping Hands for Hospitals International Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $300k. At year end it held assets of $135k against liabilities of $0, net assets of $135k.