Bahamas Hope Foundation Inc

Analysis

Bahamas Hope Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover medical research, 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, Bahamas Hope Foundation Inc reported income of $74k and spending of $2,661, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $74k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 1130%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bahamas Hope Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Hospice Foundation for Jefferson Healthcare ($74k), Willing Helpers Inc ($74k) and Johnson City Recovery Center ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k.