Nourishing Hope

Analysis

Nourishing Hope is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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 March 2024, Nourishing Hope reported income of $20.2m and spending of $18.8m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $9.5m to $20.2m (+113%), an average of +21% a year. The sharpest change came in the year to March 2021, when income rose by 90%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nourishing Hope sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Prairiestar Health Center Inc ($20.2m), Disabled American Veterans Charitable Service Trust ($20.2m) and Parents in Training Inc ($20.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $632k (3.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.7m against liabilities of $1.4m, net assets of $9.3m. It reported 82 employees.