Family Hope

Analysis

Family Hope is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Family Hope reported income of $390k and spending of $322k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $326k to $390k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Hope sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include St Croix Mission Outreach Inc ($389k), Tri-State Local Foods ($390k) and Saint Faustina Outreach ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $240k. At year end it held assets of $274k against liabilities of $0, net assets of $274k. It reported 4 employees.