Holes Fore Hope Foundation

Analysis

Holes Fore Hope Foundation is a registered charity in United States, based in Savage, MN. It received its IRS tax-exemption ruling in July 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, Holes Fore Hope Foundation reported income of $52k and spending of $43k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $52k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holes Fore Hope Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Antonian Alumni Association Inc ($52k), Enlightenment University Inc ($52k) and Quakertown Cares ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $73k against liabilities of $4,610, net assets of $68k.