Joshs Hope Foundation Inc

Analysis

Joshs Hope Foundation Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover mental health and crisis intervention, 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, Joshs Hope Foundation Inc reported income of $173k and spending of $227k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $173k (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 323%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joshs Hope Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Lifeline Recovery Services Foundation ($173k), Pierone Research Institute- a Whole Family Health Ctr Initiative ($173k) and Kanfei Faiga Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 32% of the total. Other salaries and wages came to $124k. At year end it held assets of $603k against liabilities of $69k, net assets of $534k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.