Splashes of Hope Inc

Analysis

Splashes of Hope Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in April 1997, 29 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 September 2023, Splashes of Hope Inc reported income of $280k and spending of $273k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $304k to $280k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Splashes of Hope Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include The Newnan Community Theatre Company Inc ($280k), Houston Latin American Philharmonic Orchestra ($280k) and Oklahoma Community-Based Providers Inc ($280k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $151k. At year end it held assets of $259k against liabilities of $7,648, net assets of $252k. It reported 5 employees.