Light of Hope Inc

Analysis

Light of Hope Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in August 2021, 5 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, Light of Hope Inc reported income of $17.4m and spending of $16.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $17.4m (+4149%), an average of +155% a year. The sharpest change came in the year to December 2020, when income rose by 591%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Light of Hope Inc 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 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Atascosa Health Center Inc ($17.4m), Mott Childrens Health Center ($17.4m) and South Lyon Health Center Inc ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $798k. At year end it held assets of $7.4m against liabilities of $118k, net assets of $7.3m.