Runway to Hope Inc

Analysis

Runway to Hope Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2011, 15 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 2022, Runway to Hope Inc reported income of $939k and spending of $700k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $939k (-11%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 554%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Runway to Hope Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Second Chance Sober Living ($939k), Southwestern Health Resources Hospitals Joc ($939k) and Restless Legs Syndrome Foundation Inc ($939k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $88k. At year end it held assets of $525k against liabilities of $136k, net assets of $390k. It reported 3 employees.