Sing for Hope Inc

Analysis

Sing for Hope Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Sing for Hope Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.0m to $2.7m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to July 2022, when income rose by 251%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sing for Hope Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Public Corporation for the Arts of the City of Long Beach ($2.7m), Society for Creative Anachronism Inc ($2.7m) and The Studios of Key West Inc ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 84% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $417k (15% of expenses). Other salaries and wages came to $537k. At year end it held assets of $7.1m against liabilities of $94k, net assets of $7.0m. It reported 124 employees.