Prestons H O P E

Analysis

Prestons H O P E is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in July 1999, 27 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 2023, Prestons H O P E reported income of $173k and spending of $130k, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $12k to $173k (+1327%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 994%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prestons H O P E 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 51st percentile within OH. Charities of a similar size with the same main cause include Dubois County Coalition for Adolescent Resilience and Empowerm ($173k), Taking a Leap of Faith Ministries Inc ($173k) and Abiding Hope Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $517k against liabilities of $0, net assets of $517k.