Project Hope Food Bank Inc is a 501(c)(3) organization based in Hot Springs, Arkansas, registered in 2008, with $1,430,175 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.4M
▲ 1.3% vs prior year
Food & Agriculture median: $197K
Expenses (FY2024)
$1.4M
Net assets
$722K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Project Hope Food Bank Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Project Hope Food Bank Inc: 6 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Project Hope Food Bank Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Project Hope Food Bank Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $788K (FY2017) to $1.4M (FY2024) across 8 reported years.
Financial snapshot
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$842K
Total liabilities
$120K
Net assets
$722K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,430,175▲1.3% | $1,385,042▲5.5% | $721,994▲6.7% | $841,958▲15.7% | 990 |
| 2023 | $1,412,177▲11.3% | $1,312,854▲1.7% | $676,861▲17.2% | $727,908▲19.3% | 990 |
| 2022 | $1,268,880▲26.4% | $1,290,511▲61.2% | $577,538▼3.6% | $609,986▼3.3% | 990 |
| 2021 | $1,004,018▲2.0% | $800,811▲0.6% | $599,169▲51.3% | $631,111▲41.9% | 990 |
| 2020 | $984,193▲29.2% | $795,743▼3.8% | $395,962▲90.8% | $444,797▲114% | 990 |
| 2019 | $762,002▲4.0% | $827,149▲10.9% | $207,512▼23.9% | $207,512▼23.9% | 990 |
| 2018 | $732,884▼7.1% | $745,895▲6.6% | $272,659▼4.6% | $272,659▼4.6% | 990 |
| 2017 | $788,484 | $699,958 | $285,670 | $285,670 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
42 grants to Project Hope Food Bank Inc totaling $451K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $42,628 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $18,135 |
| Arkansas Community Foundation Inc | For subsidized food program for area nonprofits | 2024 | $8,000 |
| St Vincent Infirmary Medical Center | Community health improvement grant | 2023 | $30,000 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $12,500 |
| Arkansas Community Foundation Inc | For the food subsidy program | 2023 | $8,000 |
| American Online Giving Foundation Inc | General support | 2023 | $5,243 |
| Arkansas Community Foundation Inc | General operating support | 2022 | $100,000 |
| Arkansas Community Foundation Inc | Food subsidy program for our community | 2022 | $7,000 |
| Arkansas Community Foundation Inc | Large freezer grant | 2021 | $42,000 |
| Arkansas Community Foundation Inc | Improvements to new storage facility | 2021 | $15,000 |
| Arkansas Community Foundation Inc | To subsidize food purchases by local agencies | 2021 | $7,000 |
| Charities Aid Foundation America | Charitable donation | 2020 | $10,000 |
| Arkansas Community Foundation Inc | Funding to be divided equally for use by jackson house, inc., ace all created equal, quachita children, youth and family center and project hope food bank from hsacf family venture task force | 2020 | $2,500 |
| Arkansas Community Foundation Inc | School backpack program - garland county school districts | 2020 | $2,500 |
Explore more
Data for Project Hope Food Bank Inc (EIN 26-1737554) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.