Future Hope Foundation

Analysis

Future Hope Foundation is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Future Hope Foundation reported income of $82k and spending of $95k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2,700 to $82k (+2942%), an average of +452% a year. The sharpest change came in the year to December 2022, when income rose by 1348%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Future Hope Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Holding Hands for Haley Foundation ($82k), Forward Giving Inc ($82k) and Valley United Fund ($82k).

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 $19k against liabilities of $0, net assets of $19k.