Sights for Hope

Analysis

Sights for Hope is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in September 1951, 75 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sights for Hope reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sights for Hope sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Community United Way of Pioneer Valley Inc ($1.6m), Keren Menachem ($1.6m) and Royal Castle Child Development Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $76k (5.2% of expenses). Other salaries and wages came to $668k. At year end it held assets of $2.1m against liabilities of $93k, net assets of $2.0m. It reported 30 employees.