A Glimmer of Hope Inc

Analysis

A Glimmer of Hope Inc is a registered charity in United States, based in Wexford, PA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover medical research, 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 June 2023, A Glimmer of Hope Inc reported income of $257k and spending of $166k, leaving 35% of income unspent that year. Across the 6 years on record, from June 2017 to June 2023, income fell from $456k to $257k (-44%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A Glimmer of Hope Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Four Holes Fishing for Friends ($256k), Pregnancy Care Center of MHC ($257k) and Livfree Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $18k (11% of expenses). At year end it held assets of $1.1m against liabilities of $75k, net assets of $998k. It reported 1 employees.