A Ray of Hope on Earth

Analysis

A Ray of Hope on Earth is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, A Ray of Hope on Earth reported income of $415k and spending of $416k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $157k to $415k (+164%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, A Ray of Hope on Earth sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Global Ministries and Relief Inc ($415k), Harvest Family Life Ministries ($416k) and World Mission Outreach Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $232k (56% of expenses). Other salaries and wages came to $82k. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 2 employees.