Hope Restores Corporation

Analysis

Hope Restores Corporation is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in December 2021, 5 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, Hope Restores Corporation reported income of $465k and spending of $543k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $465k (+116%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Restores Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Farthest North Girl Scout Council ($465k), Higher Aim ($465k) and Moisture Festival ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $48k against liabilities of $16k, net assets of $31k. It reported 15 employees.