Hope for Life Inc

Analysis

Hope for Life Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 for Life Inc reported income of $183k and spending of $169k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $183k (+4.1%), an average of +4.1% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Life Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Sherwood Gardens Stratford Green Foundation Inc ($183k), TNR Taskforce Inc ($183k) and Melrose Orchestral Association ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $257k against liabilities of $8,374, net assets of $249k.