Equal Hope

Analysis

Equal Hope is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2009, 17 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, Equal Hope reported income of $2.1m and spending of $2.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.1m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Equal Hope sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Union Fire Company No 1 Ambulance Division ($2.1m), Paragon Health Institute ($2.1m) and Center Information Services Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $430k (17% of expenses). Other salaries and wages came to $731k. At year end it held assets of $3.2m against liabilities of $191k, net assets of $3.0m. It reported 14 employees.