Fg-Hope Inc

Analysis

Fg-Hope Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fg-Hope Inc reported income of $178k and spending of $178k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $17.9m to $178k (-99%), an average of -90% a year. The sharpest change came in the year to June 2023, when income dropped by 99%. Over the whole period it spent 2.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fg-Hope Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Duquoin Food Pantry ($178k), Crittenton Youth Services ($178k) and Hammock Dunes Cares LLC ($178k).

At year end it held assets of $17.8m against liabilities of $0, net assets of $17.8m.