Abiding Hope Inc

Analysis

Abiding Hope Inc is a registered charity in United States, based in Mars Hill, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, 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, Abiding Hope Inc reported income of $173k and spending of $153k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $241k to $173k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abiding Hope 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 Pierone Research Institute- a Whole Family Health Ctr Initiative ($173k), Dubois County Coalition for Adolescent Resilience and Empowerm ($173k) and Joshs Hope Foundation Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $303k against liabilities of $0, net assets of $303k.