Hope4nations

Analysis

Hope4nations is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in June 2023, 3 years ago. 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, Hope4nations reported income of $365k and spending of $313k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $143k to $365k (+156%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope4nations sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Sandusky County Economic Development ($365k), Planting People Growing Justice Leadership Institute ($365k) and Cope Environmental Center Inc ($365k).

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 $39k (13% of expenses). At year end it held assets of $92k against liabilities of $0, net assets of $92k.