Hope Cancer Resources Foundation

Analysis

Hope Cancer Resources Foundation is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Cancer Resources Foundation reported income of $2.2m and spending of $3.1m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Cancer Resources Foundation 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 87th percentile, and in the 87th percentile within AR. Charities of a similar size with the same main cause include United Way of Brazoria County ($2.2m), Fundacion de Mujeres En Puerto Rico ($2.2m) and Eric and Tamar Goldstein Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $23.3m against liabilities of $7,475, net assets of $23.3m.