Sewhope Inc

Analysis

Sewhope Inc is a registered charity in United States, based in Ottawa Hills, OH. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Sewhope Inc reported income of $391k and spending of $480k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $391k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sewhope Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Haven of Hope Global Ministries Inc ($390k), Lelt Foundation Inc ($391k) and Himalayan Childrens Fund ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $35k. At year end it held assets of $658k against liabilities of $3,319, net assets of $655k. It reported 1 employees.