Hope Forest Inc

Analysis

Hope Forest Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in November 2023, 3 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 Forest Inc reported income of $220k and spending of $71k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $220k (+757%), an average of +757% a year. The sharpest change came in the year to December 2023, when income rose by 757%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Forest 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 56th percentile, and in the 49th percentile within ND. Charities of a similar size with the same main cause include Keren Zichron Tzipora Inc ($220k), Neighbor Plus Inc ($220k) and 424 Church ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (35% of expenses). Other salaries and wages came to $25k. At year end it held assets of $158k against liabilities of $864, net assets of $157k. It reported 2 employees.