Hope3 Foundation

Analysis

Hope3 Foundation is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hope3 Foundation reported income of $219k and spending of $172k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $219k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope3 Foundation 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 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Peninsula High School Volunteer Parent Organization ($219k), Day 7 Inc ($219k) and Paris Independent Schools Education Foundation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.