Hope for Life Rescue Inc

Analysis

Hope for Life Rescue Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for Life Rescue Inc reported income of $992k and spending of $939k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $461k to $992k (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope for Life Rescue Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Tiger World Inc ($992k), Wildhorse Ranch Rescue Inc ($992k) and Shadow Cats Rescue ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $121k (13% of expenses). Other salaries and wages came to $324k. At year end it held assets of $306k against liabilities of $0, net assets of $306k. It reported 53 employees.