Hope for Hemophilia Inc

Analysis

Hope for Hemophilia Inc is a registered charity in United States, based in Prairieville, LA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover health care, 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, Hope for Hemophilia Inc reported income of $2.8m and spending of $2.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $2.8m (+226%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Hemophilia Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Spondylitis Association of America ($2.8m), RL Health Inc ($2.8m) and Ronald McDonald House Charities of Eastern Iowa and Western Illinois ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $452k (17% of expenses). Other salaries and wages came to $303k. At year end it held assets of $457k against liabilities of $214k, net assets of $243k. It reported 18 employees.