We Hope

Analysis

We Hope is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 2000, 26 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, We Hope reported income of $9.0m and spending of $9.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $9.0m (+194%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, We Hope sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Kentucky 4-H Foundation Inc ($9.0m), 3rd Street Youth Center and Clinic ($9.1m) and BGV Foundation Inc ($9.0m).

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 $272k (2.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $5.2m against liabilities of $2.4m, net assets of $2.8m. It reported 136 employees.