Sanctuary of Hope

Analysis

Sanctuary of Hope is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sanctuary of Hope reported income of $3.4m and spending of $3.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.4m (+158%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sanctuary of Hope sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Jeanne Geiger Crisis Center Inc ($3.4m), Palliative Care of the Bluegrass ($3.4m) and Expressions of Hope ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (3.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of -$55k. It reported 27 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.