Hope Reins

Analysis

Hope Reins is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2009, 17 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 Reins reported income of $2.2m and spending of $2.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Reins sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Armstrong County Council on Alcohol and Other Drugs Inc ($2.2m), Lake Area Free Clinic Inc ($2.2m) and Martin Luther King Health Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $112k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.6m. It reported 40 employees.