Hopes Landing

Analysis

Hopes Landing is a registered charity in United States, based in Tiffin, OH. It received its IRS tax-exemption ruling in August 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 June 2024, Hopes Landing reported income of $140k and spending of $157k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $171k to $140k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Landing sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Cherished High Desert Inc ($140k), Freedom Fighters of Georgia Inc ($140k) and Upbuild Foundation ($140k).

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 $12k (7.4% of expenses). Other salaries and wages came to $72k. At year end it held assets of $4,506 against liabilities of $0, net assets of $4,506. It reported 9 employees.