Saint Ignace Area Hope

Analysis

Saint Ignace Area Hope is a registered charity in United States, based in Saint Ignace, MI. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Saint Ignace Area Hope reported income of $235k and spending of $174k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $153k to $235k (+54%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saint Ignace Area Hope 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 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Our Mother of Perpetual Help Educational Program ($235k), Oracles of Truth ($235k) and Assistance League of Pomona Valley ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $583k against liabilities of $73k, net assets of $510k. It reported 4 employees.