Boosting Hope Inc

Analysis

Boosting Hope Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Boosting Hope Inc reported income of $50k and spending of $30k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $73k to $50k (-30%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 151%. Over the whole period it spent 37% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Boosting Hope Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NV. Charities of a similar size with the same main cause include Friends of the Dominican Republic ($50k), Sarepta International Foundation Inc ($51k) and Chirala Medical and Educational Trust Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $100k against liabilities of $18k, net assets of $81k.