Hope Abounds INC

Wilmington, NC · Public charity (501(c)(3)) · Since 2010 · Human Services

✓ Tax-deductible Latest data FY2025
Revenue
$224K
▼ -25% vs prior year
Spent
$256K
To programs
88%
Net assets
$55K
By yearFY2021–FY2025
Revenue
$224K
FY2025▼ -25%
Revenue by fiscal year
FY2021$153K
FY2022$221K
FY2022$112K
FY2023$277K
FY2024$298K
FY2025$224K
Expenses
$256K
FY2025▼ -14%
Expenses by fiscal year
FY2021Not on file
FY2022$174K
FY2022$130K
FY2023$284K
FY2024$298K
FY2025$256K
Net assets
$55K
FY2025▼ -37%
Net assets by fiscal year
FY2021$51K
FY2022$109K
FY2022$95K
FY2023$88K
FY2024$88K
FY2025$55K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
88% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -25% vs prior year
Legal name (IRS)Hdr · item CHope Abounds INC
EINHdr · item D27-1858542
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2011
Year of formationHdr · item L2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWilmington, NC
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jwww.hopeabounds.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.04 Fundraising $0.08
Program services88%$226K
Management & general4%$11K
Fundraising8%$19K
Total functional expensesLn 25$256K

Financial health

Program efficiency
88%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▼ -48015% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$139K
FY2025▼ -22%
Total assets by fiscal year
FY2021Not on file
FY2022$172K
FY2022$187K
FY2023$184K
FY2024$178K
FY2025$139K
Total liabilities
$84K
FY2025▼ -8%
Total liabilities by fiscal year
FY2021Not on file
FY2022$63K
FY2022$92K
FY2023$97K
FY2024$91K
FY2025$84K
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$139K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$131K
Total assetsLn 16$139K
Total liabilitiesLn 26$84K
Total net assetsLn 32$55K
Months of cash on handcomputed6.2

Statement of Revenue

Part VIII
Contributions & grants$221K · 99%
Program service revenue$25K · 11%
Investment income$1K · 1%
Contributions & grants99%$221K
Program service revenue11%$25K
Investment income1%$1K
Total revenueLn 12$224K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $131K · Operating expenses (Pt IX) $256K · Less non-cash grants $29K · Cash operating expenses/yr $227K
7.0 months
Where the money goes
Program services
Program services $226K · Total expenses $256K
88%
Management & General
Management & general $11K · Total expenses $256K
4%
Fundraising
Fundraising $19K · Total expenses $256K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $237K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $221K · Total revenue $224K
99%
Government reliance
Government grants — · Total revenue $224K
—
Earned-income share
Program service revenue $25K · Total revenue $224K
11%
Investment reliance
Investment income $1K · Total revenue $224K
+0.7%
Program self-sufficiency
Program service revenue $25K · Total expenses $256K
10%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $298K
-25%
Revenue CAGR
FY2020 $153K · FY2025 $224K
+8%
Net-asset trend (YoY)
End of year $55K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $256K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $139K
—
Net-asset ratio
Net assets $55K · Total assets $139K
40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $139K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Barnes · Reported title Executive Director · Highest reported compensation $60K · Total expenses $256K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $175K · Total expenses $256K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 4%——
Fundraising cost ratio 9%——
Revenue growth -25%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Chairman & President
$12,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Elizabeth Barnes’s $60K as Executive Director is at the 49th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2022FY2021
Elizabeth Barnes$60,000$60,000$45,000$41,802$38,604$33,604
Penny Millis—————$21,400
Kenny Barnes$12,000—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Offers practical help to people undergoing cancer treatment.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $226K of program spending, described in the organization's own filed words · FY2025.
01

Patient Advocacy

In 2025, cancer diagnoses remain elevated, with many patients still experiencing the long-term effects of delayed care during the COVID-19 pandemic. A significant number of individuals are presenting with late-stage or metastatic disease, requiring more complex and immediate intervention.Economic challenges continue to compound these…

$105Kprogram expense
02

Educational Programs

Hope Abounds Cancer Network continues its partnership with Storehouse Wellness, providing comprehensive wellness resources to patients and caregivers. Centered on the Four Pillarsnourishment, physical fitness, mental wellness, and financial healththis collaboration offers access to expert-led programs designed to support quality of life…

$79Kprogram expense
03

Medical Navigation

To meet the complex and evolving needs of cancer patients, Hope Abounds continues to provide comprehensive medical navigation services. Through partnerships with Storehouse Wellness and Synergy Homecare, patients receive personalized guidance, education, and in-home supportregardless of where they are in their cancer journey.In 2025…

$42Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 24 grants · $30K · 2021–2023
Unitemized GrantFY2023$1,767
Unitemized GrantFY2023$1,038
Unitemized GrantFY2023$957
Unitemized GrantFY2023$876
Unitemized GrantFY2023$873
Unitemized GrantFY2023$180
Unitemized GrantFY2023$173
Unitemized GrantFY2023$127
Unitemized GrantFY2023$51
Unitemized GrantFY2023$36
Unitemized GrantFY2023$20
Unitemized GrantFY2022$13,975
Unitemized GrantFY2022$1,884
Unitemized GrantFY2022$964
Unitemized GrantFY2022$700
Unitemized GrantFY2022$587
Unitemized GrantFY2022$558
Unitemized GrantFY2022$278
See all 24 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $224K$256K-25% 990 PDF
FY2024 $298K$298K+8% 990 PDF
FY2023 $277K$284K+148% 990 PDF
FY2022 $221K$174K+44% 990 PDF
FY2021 $153K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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