Hope Mission Foundation

Analysis

Hope Mission Foundation is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Mission Foundation reported income of $676k and spending of $415k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $676k (+256%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Mission Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Portland Pay It Forward ($676k), Wesley Center Inc ($676k) and Friends & Neighbors of Pennsylvania Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.