Hope 3-27 Inc

Analysis

Hope 3-27 Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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 3-27 Inc reported income of $108k and spending of $97k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $108k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope 3-27 Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Kaveri Kannada Association Inc ($108k), Will County 4-H Youth Foundation Inc ($108k) and Montvale Parents Teachers Organization ($108k).

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 $31k against liabilities of $1,017, net assets of $30k.