International Hoops for Hope Inc

Analysis

International Hoops for Hope Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, International Hoops for Hope Inc reported income of $279k and spending of $264k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $368k to $279k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, International Hoops for Hope Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Moline Soccer Club ($279k), Kansas Junior Livestock Show ($279k) and Wheel Fun ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $105k. At year end it held assets of $376k against liabilities of $5,285, net assets of $370k. It reported 3 employees.