Hope at the Lake Foundation

Analysis

Hope at the Lake Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in March 2005, 21 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 July 2024, Hope at the Lake Foundation reported income of $132k and spending of $163k, spending 124% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $136k to $132k (-2.9%), an average of -2.9% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope at the Lake Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include The Center for Biblical Counseling and Spiritual Resource ($132k), Inner Wheel USA Foundation ($132k) and Abilene Open Door Inc ($132k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 66% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.