Hope Totes Inc

Analysis

Hope Totes Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 February 2024, Hope Totes Inc reported income of $86k and spending of $62k, leaving 28% of income unspent that year. Across the 3 years on record, from February 2022 to February 2024, income grew from $26k to $86k (+238%), an average of +84% a year. The sharpest change came in the year to February 2023, when income rose by 95%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Totes Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Autism Rescue Angels ($86k), Vo VI Friendship Association in Washington ($86k) and Kyles Gift ($86k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 81% and program service revenue 17% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.