Hope by Design Inc

Analysis

Hope by Design Inc is a registered charity in United States, based in Cumming, GA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope by Design Inc reported income of $99k and spending of $104k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $99k (-6.2%), an average of -6.2% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope by Design Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Spring of Hope Foundation Inc ($99k), Forks Senior Center ($99k) and African Community Kalamazoo ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 80% of the total. At year end it held assets of $11k against liabilities of $6,964, net assets of $4,103.