Infinite Hope Inc

Analysis

Infinite Hope Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in November 2020, 6 years ago. 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 June 2024, Infinite Hope Inc reported income of $95k and spending of $39k, leaving 59% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $23k to $95k (+313%), an average of +313% a year. The sharpest change came in the year to June 2024, when income rose by 313%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Infinite Hope Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KY. Charities of a similar size with the same main cause include Lawrence County Historical Society ($95k), National Charity League Foothill Chapter Inc ($95k) and Bowie Educational Foundation ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.