Hope 4 Life

Analysis

Hope 4 Life is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 2014, 12 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, Hope 4 Life reported income of $190k and spending of $121k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $330k to $190k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope 4 Life sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Aging at Home ($190k), Healing Health Care Centers Inc ($190k) and Coping 4 Life ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $58k. At year end it held assets of $312k against liabilities of $258, net assets of $312k. It reported 10 employees.