Vigilant Hope Inc

Analysis

Vigilant Hope Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Vigilant Hope Inc reported income of $921k and spending of $878k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $921k (+180%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vigilant Hope Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Together SC ($921k), Usc Columbia Technology Incubator ($922k) and Union Square Main Streets Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (6.8% of expenses). Other salaries and wages came to $301k. At year end it held assets of $526k against liabilities of $169k, net assets of $357k. It reported 24 employees.