Hope Foundation of Iranian- American Jewish Communities Inc

Analysis

Hope Foundation of Iranian- American Jewish Communities Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation of Iranian- American Jewish Communities Inc reported income of $1.4m and spending of $358k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $973k to $1.4m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Foundation of Iranian- American Jewish Communities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Chapel Hill Carrboro Public School Foundation ($1.4m), United Way of Central Texas ($1.4m) and United Way of Whatcom County ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.