Hope Armenia Inc

Analysis

Hope Armenia Inc is a registered charity in United States, based in N Brookfield, MA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Armenia Inc reported income of $85k and spending of $95k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $85k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Armenia Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Banquet Network Inc ($85k), Search for Me Ministries Inc ($85k) and Ornament of Grace Ministries Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.