Hope Grows Inc

Analysis

Hope Grows Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in September 2022, 4 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, Hope Grows Inc reported income of $71k and spending of $40k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $71k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. 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, Hope Grows Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include NCL Inc Cypress Pearls Chapter ($71k), Prince Henry Charitable Foundation ($71k) and Northwood Realty Charitablefoundation ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $11k, net assets of $54k.