Hope in the Mountains Incorporated

Analysis

Hope in the Mountains Incorporated is a registered charity in United States, based in Sophia, WV. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Hope in the Mountains Incorporated reported income of $116k and spending of $57k, leaving 51% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $136k to $116k (-15%), an average of -5.1% a year. The sharpest change came in the year to June 2024, when income rose by 220%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope in the Mountains Incorporated sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within WV. Charities of a similar size with the same main cause include Connors Hope Inc ($116k), Farmers Market of Hernando ($116k) and Weecare Day Care Program ($116k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $276k against liabilities of $644, net assets of $275k.