Hope Ignites Southern California

Analysis

Hope Ignites Southern California is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 1979, 47 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 June 2023, Hope Ignites Southern California reported income of $940k and spending of $946k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $779k to $940k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites Southern California sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Renaissance Society of America Inc ($940k), St Lukes McCall Foundation Inc ($940k) and Habitat for Humanity International Inc ($940k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $438k. At year end it held assets of $1.0m against liabilities of $165k, net assets of $855k.