Hope Connections for Cancer Support Inc

Analysis

Hope Connections for Cancer Support Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2006, 20 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, Hope Connections for Cancer Support Inc reported income of $1.6m and spending of $1.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $902k to $1.6m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 219%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Connections for Cancer Support Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Overeater Anonymous Inc ($1.6m), Womens Dermatologic Society ($1.6m) and New Leaf Behavioral Health ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $163k (14% of expenses). Other salaries and wages came to $397k. At year end it held assets of $6.4m against liabilities of $1.7m, net assets of $4.7m. It reported 8 employees.