Ripples of Hope Inc

Analysis

Ripples of Hope Inc is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ripples of Hope Inc reported income of $453k and spending of $208k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $453k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ripples of Hope Inc 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 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Fond du Lac Festivals Inc ($453k), Community Residences Foundation ($453k) and Uptown Community Initiative ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 42% of the total. At year end it held assets of $805k against liabilities of $35k, net assets of $769k.