Hope Reins in Texas Inc

Analysis

Hope Reins in Texas Inc is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in April 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 Reins in Texas Inc reported income of $212k and spending of $166k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $212k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Reins in Texas Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Columbia Interfaith Resource Center ($212k), Meals on Wheels of Lees Summit Mo Inc ($212k) and Monroe County Helping Hand ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.