Fountain of Hope Inc

Analysis

Fountain of Hope Inc is a registered charity in United States, based in Mableton, GA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Fountain of Hope Inc reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $663k to $1.9m (+186%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fountain of Hope Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Uih Family Partners Inc ($1.9m), Amity Society of Freeport Inc ($1.9m) and Struggle of Love Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $133k (7.4% of expenses). Other salaries and wages came to $250k. At year end it held assets of $516k against liabilities of $13k, net assets of $502k. It reported 13 employees.