Hope and Mission Inc

Analysis

Hope and Mission Inc is a registered charity in United States, based in Sweetwater, FL. It received its IRS tax-exemption ruling in May 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, Hope and Mission Inc reported income of $143k and spending of $173k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $523k to $143k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope and Mission Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Malcolm Smith Motorsports Foundation ($143k), American Friends of Naclas Zvi ($143k) and Renaissance 21 ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.