Hope Remains Youth Ranch Inc

Analysis

Hope Remains Youth Ranch Inc is a registered charity in United States, based in Wellford, SC. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hope Remains Youth Ranch Inc reported income of $441k and spending of $596k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $561k to $441k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Remains Youth Ranch Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Every Child Reading ($441k), Heart Haven Outreach ($441k) and Mollie Spencer Farm Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $54k (9.1% of expenses). Other salaries and wages came to $234k. At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.0m. It reported 23 employees.