Ragans Hope

Analysis

Ragans Hope is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Ragans Hope reported income of $179k and spending of $178k, spending 99% of its income. Across the 3 years on record, from December 2015 to December 2023, income fell from $316k to $179k (-43%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ragans Hope sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Every Valley Leadership Academy ($179k), Fish for Change ($179k) and Ray of Hope Pregnancy Care Ministries ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,085 against liabilities of $11k, net assets of -$8,255.