Hope North Carolina Inc

Analysis

Hope North Carolina Inc is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope North Carolina Inc reported income of $303k and spending of $217k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $36k to $303k (+731%), an average of +731% a year. The sharpest change came in the year to June 2023, when income rose by 731%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope North Carolina Inc 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 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Neville Communities Inc ($303k), Freedom House ($303k) and South Dakota Kids Belong Inc ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $75k. At year end it held assets of $145k against liabilities of $925, net assets of $144k. It reported 2 employees.