Perfect Hope

Analysis

Perfect Hope is a registered charity in United States, based in Atoka, TN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Perfect Hope reported income of $92k and spending of $91k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $92k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Perfect Hope sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($92k), Society of Women Engineers ($92k) and Little League Baseball Inc ($92k).

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 $23k against liabilities of $2,088, net assets of $21k.