Hope Heals Foundation

Analysis

Hope Heals Foundation is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in February 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 Heals Foundation reported income of $66k and spending of $81k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $66k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. 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 Heals Foundation 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 25th percentile within VA. Charities of a similar size with the same main cause include Suri Kops Keren Mishpachos Inc ($66k), Enduring Freedom Ministries Inc ($66k) and Lynn Worker Center Inc ($66k).

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 $36k against liabilities of $0, net assets of $36k.