Hope and Equip Inc

Analysis

Hope and Equip Inc is a registered charity in United States, based in Caledonia, IL. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hope and Equip Inc reported income of $242k and spending of $224k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $205k to $242k (+18%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope and Equip Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include S E a Rescue Foundation ($242k), If Foundation Inc ($242k) and The Holiness Pilgrim Church Inc ($242k).

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 $100k against liabilities of $0, net assets of $100k.