Raising Hope for Others Inc

Analysis

Raising Hope for Others Inc is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Raising Hope for Others Inc reported income of $57k and spending of $29k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $57k (+164%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 65%. 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, Raising Hope for Others Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Veterinary Hope Foundation ($57k), Bristol Recovery Club Inc ($57k) and Sisters Network ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 3.7% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.