Canhope

Analysis

Canhope is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Canhope reported income of $59k and spending of $55k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $59k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Canhope sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include North Valley Sparrow Foundation ($59k), Peter Decker Childrens Charity Inc ($59k) and Montvale Rescue Squad Incorporated ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.