Hop on a Cure Foundation Inc

Analysis

Hop on a Cure Foundation Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in May 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 February 2024, Hop on a Cure Foundation Inc reported income of $2.1m and spending of $1.9m, spending 94% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $1.1m to $2.1m (+90%), an average of +90% a year. The sharpest change came in the year to February 2024, when income rose by 90%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hop on a Cure Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include The Arc Tampa Bay Foundation Inc ($2.1m), Stronghold Rescue & Relief ($2.1m) and Upstate Family Resource Center ($2.1m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $103k. At year end it held assets of $942k against liabilities of $23k, net assets of $918k. It reported 4 employees.