Hope Shines Inc

Analysis

Hope Shines Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Hope Shines Inc reported income of $58k and spending of $54k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2023, income grew from $42k to $58k (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Shines Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within CO. Charities of a similar size with the same main cause include Regeneration Inc ($58k), International Farmers Aid Association ($58k) and Musical Missions of Peace ($58k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.