Hope for the World Inc

Analysis

Hope for the World Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for the World Inc reported income of $223k and spending of $184k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $428k to $223k (-48%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope for the World Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Sonshine Ministries International ($223k), His Heart Inc ($223k) and Ecc Music Workshop Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.