Hope Grounds

Analysis

Hope Grounds is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hope Grounds reported income of $142k and spending of $140k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $142k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Grounds sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Columbia Christian Senior Citizens Center ($142k), Core City Neighborhoods ($142k) and Shtunda Ministry ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,845 against liabilities of $20k, net assets of -$14k.