Hope Ignites Pittsburgh

Analysis

Hope Ignites Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Hope Ignites Pittsburgh reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $2.1m to $1.2m (-44%), an average of -26% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites Pittsburgh sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Earth Mission Inc ($1.2m), Disability Resource Center Inc ($1.2m) and Plumbers and Steam Fitters Union Local 10 Apprenticeship Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $102k (8.8% of expenses). Other salaries and wages came to $411k. At year end it held assets of $9.4m against liabilities of $1.4m, net assets of $8.0m. It reported 18 employees.