Glory Hope & Life Inc

Analysis

Glory Hope & Life Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glory Hope & Life Inc reported income of $354k and spending of $374k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $354k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glory Hope & Life Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Evidence Based Addiction Medicine ($354k), United Housing Associates Inc ($354k) and Morton Cure Paralysis Fund ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $963k against liabilities of $0, net assets of $963k.