Doterra Hope Foundation Inc

Analysis

Doterra Hope Foundation Inc is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in March 2023, 3 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, Doterra Hope Foundation Inc reported income of $915k and spending of $755k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $645k to $915k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Doterra Hope Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Dan Gibbons Turkey Trot Foundation ($915k), CSB Charitable Foundation ($916k) and United Way of Northeast Arkansas ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $234k. At year end it held assets of $370k against liabilities of $21k, net assets of $350k. It reported 2 employees.