Shaohannahs Hope Inc

Analysis

Shaohannahs Hope Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in February 2003, 23 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 June 2024, Shaohannahs Hope Inc reported income of $10.1m and spending of $9.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.4m to $10.1m (-3.1%), an average of -0.8% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shaohannahs Hope Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Meals on Wheels Atlanta Inc ($10.1m), Sumner Community Food Bank ($10.1m) and Community Living Association ($10.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $214k (2.2% of expenses). Other salaries and wages came to $997k. At year end it held assets of $16.3m against liabilities of $5.7m, net assets of $10.6m. It reported 23 employees.