Hope and Life Outreach Inc

Analysis

Hope and Life Outreach Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, 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, Hope and Life Outreach Inc reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope and Life Outreach Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include American Baptist Retirement Homes Inc ($2.0m), Christies Place Inc ($2.0m) and Guardianship Services Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $78k (4.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.5m against liabilities of $1.6m, net assets of $1.9m. It reported 63 employees.