Ribbon of Hope Inc

Analysis

Ribbon of Hope Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in January 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 (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, Ribbon of Hope Inc reported income of $303k and spending of $354k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $213k to $303k (+43%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ribbon of Hope Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Hamilton County Mental Health Housing Corporation ($303k), Relational Life Foundation ($304k) and Abc for Rural Health Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (22% of expenses). At year end it held assets of $219k against liabilities of $5,571, net assets of $214k. It reported 4 employees.