Hope America Inc

Analysis

Hope America Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Hope America Inc reported income of $357k and spending of $630k, spending 176% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $516k to $357k (-31%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income rose by 380%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope America Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Feed New Mexico Kids Inc ($357k), Supporting the Taylor House ($357k) and Hoyt Foundation Inc ($357k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $224k (36% of expenses). Other salaries and wages came to $166k. At year end it held assets of $669k against liabilities of $1,360, net assets of $667k. It reported 16 employees.