Hope for Los Cabos

Analysis

Hope for Los Cabos is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 for Los Cabos reported income of $119k and spending of $114k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $119k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Los Cabos 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 41st percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Assyrian Global Network Corporation ($119k), Grace & Peace Ministries Inc ($119k) and Winn Inc ($119k).

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 $64k against liabilities of $0, net assets of $64k.