Hope for Bereaved Inc

Analysis

Hope for Bereaved Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2023, Hope for Bereaved Inc reported income of $243k and spending of $278k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $274k to $243k (-11%), an average of -3.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Bereaved Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include National Junior Tennis & Learning of Indianapolis Inc ($243k), Coach Kids of Clinton County Inc ($243k) and Lake Volunteer Fire Department Inc ($243k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 17% of the total. At year end it held assets of $335k against liabilities of $26k, net assets of $309k.