Projecthopecainc

Analysis

Projecthopecainc is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Projecthopecainc reported income of $558k and spending of $459k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $229k to $558k (+143%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Projecthopecainc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Rotary International District 5160 ($558k), Aledo Athletic Booster Club ($558k) and Wisconsin State Fair Park Foundation Inc ($557k).

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 $161k (35% of expenses). Other salaries and wages came to $32k. At year end it held assets of $102k against liabilities of $0, net assets of $102k. It reported 6 employees.