Hope Toledo Services

Analysis

Hope Toledo Services is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Toledo Services reported income of $3.6m and spending of $3.5m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.4m to $3.6m (+47%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Toledo Services sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include River Academy a Non Profit Corporation ($3.6m), Queen Annes County Free Library ($3.6m) and Services for Hidden Intelligence Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $167k (4.7% of expenses). Other salaries and wages came to $400k. At year end it held assets of $601k against liabilities of $789k, net assets of -$188k. It reported 8 employees.