Hope Gathering Inc

Analysis

Hope Gathering Inc is a registered charity in United States, based in Brenham, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Gathering Inc reported income of $192k and spending of $138k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $192k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Gathering Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Junior League of Stamford Norwalk Inc ($192k), Northeast Kingdom Organizing Inc ($192k) and Enterprise Group Community Ventures Corporation ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $544, net assets of $169k.