Hope Is Restored

Analysis

Hope Is Restored is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in September 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 Is Restored reported income of $66k and spending of $64k, spending 96% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $5,145 to $66k (+1190%), an average of +259% a year. The sharpest change came in the year to December 2022, when income rose by 1130%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Is Restored sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Angeltrition Institute ($66k), Francis Foundation Inc ($66k) and Friends of the Westport Center for Senior Activities Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.