Hope Alliance Public Benefit Non-Profit Corporation

Analysis

Hope Alliance Public Benefit Non-Profit Corporation is a registered charity in United States, based in Centralia, WA. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 June 2023, Hope Alliance Public Benefit Non-Profit Corporation reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $920k to $1.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Alliance Public Benefit Non-Profit Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include St Lucians Residence Inc ($1.2m), United Way of Knox County Ohio Inc ($1.2m) and Virginia Institute for Public Policy ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $704k. At year end it held assets of $499k against liabilities of $299k, net assets of $200k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.