Hope Springs Institute

Analysis

Hope Springs Institute is a registered charity in United States, based in Peebles, OH. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Springs Institute reported income of $502k and spending of $401k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $502k (+111%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Springs Institute sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Faith in Serving Humanity Medical Incorporated ($502k), Hebrew Homes Health Network Inc ($502k) and Medical Mission International Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $20k (5.0% of expenses). At year end it held assets of $725k against liabilities of $172k, net assets of $553k. It reported 24 employees.