Festival of Hope

Analysis

Festival of Hope is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Festival of Hope reported income of $251k and spending of $381k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $251k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Festival of Hope sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within NE. Charities of a similar size with the same main cause include Recovery Houses of Rochester Inc ($251k), Vocal Inc ($251k) and Integrity Unlimited Community Development Corporation ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $602k against liabilities of $0, net assets of $602k.