Hope for Gus Foundation

Analysis

Hope for Gus Foundation is a registered charity in United States, based in Peterborough, NH. It received its IRS tax-exemption ruling in June 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, Hope for Gus Foundation reported income of $74k and spending of $110k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $74k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 105% 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 Gus Foundation 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 31st percentile within NH. Charities of a similar size with the same main cause include Bayview Sol ($74k), Academy Clinical Laboratory Physicians and Scientists ($74k) and Grace House Augusta Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $185k against liabilities of $857, net assets of $184k.