Hope Out Loud

Analysis

Hope Out Loud is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Out Loud reported income of $714k and spending of $515k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $714k (+142%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Out Loud sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Drepung Loseling Institute of Texas ($713k), Dharma Drum Retreat Center Inc ($714k) and Global Evangelical Missions Society ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $210k. At year end it held assets of $954k against liabilities of $3,995, net assets of $950k. It reported 3 employees.