Ray of Hope Cancer Foundation

Analysis

Ray of Hope Cancer Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2003, 23 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, Ray of Hope Cancer Foundation reported income of $1.0m and spending of $1.2m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $1.0m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ray of Hope Cancer Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Serving Our Neighbors Ministries Inc ($1.0m), Alliance for Empowerment Inc ($1.0m) and Divine Touch Cila Homes NFP ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $123k (10% of expenses). Other salaries and wages came to $187k. At year end it held assets of $2.6m against liabilities of $51k, net assets of $2.6m. It reported 5 employees.