Hope United Inc

Analysis

Hope United Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 United Inc reported income of $119k and spending of $258k, spending 217% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $327k to $119k (-64%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope United Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OK. Charities of a similar size with the same main cause include Melissa Booster Clubs Inc ($119k), Steven M Perez Foundation Inc ($119k) and Nu Gamma Omega Educational and Charitable Foundation Inc ($119k).

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 $48k (19% of expenses). Other salaries and wages came to $108k. At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 3 employees.