Portraits of Hope Inc

Analysis

Portraits of Hope Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2022, 4 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, Portraits of Hope Inc reported income of $127k and spending of $119k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $127k (-2.9%), an average of -2.9% a year. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Portraits of Hope Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within AL. Charities of a similar size with the same main cause include Life Investors Fortunaires Club Charitable Foundation Inc ($127k), The Butterfly Foundation ($127k) and Sertoma Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $72k against liabilities of $41, net assets of $72k.