Bit of Hope Ranch

Analysis

Bit of Hope Ranch is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in February 2009, 17 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, Bit of Hope Ranch reported income of $436k and spending of $425k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $436k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bit of Hope Ranch sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Minnesota Network of Hospice and Palliative Care ($436k), Projeto Mantena Ajuda Corp ($436k) and The Way Forward Foundation ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $46k (11% of expenses). At year end it held assets of $399k against liabilities of $7,367, net assets of $392k. It reported 1 employees.