Hope Rises Inc

Analysis

Hope Rises Inc is a registered charity in United States, based in East Amherst, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Hope Rises Inc reported income of $123k and spending of $128k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $123k (-14%), an average of -14% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Rises Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Melon Patch Players Inc ($123k), Friends of a Womans Place ($123k) and Road Runners Club of America ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $83k against liabilities of $49k, net assets of $34k.