Ms Hope for a Cure Inc

Analysis

Ms Hope for a Cure Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in March 2007, 19 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, Ms Hope for a Cure Inc reported income of $385k and spending of $430k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $582k to $385k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. 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, Ms Hope for a Cure Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 59th percentile within VT. Charities of a similar size with the same main cause include Chautauqua Blind Association Inc ($385k), Media Empathy Foundation ($385k) and New Mexico Chronic Disease Prevention Council ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $50k. At year end it held assets of $355k against liabilities of $54k, net assets of $301k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.