Wings of Hope Ranch Inc

Analysis

Wings of Hope Ranch Inc is a registered charity in United States, based in Doswell, VA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wings of Hope Ranch Inc reported income of $309k and spending of $303k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $309k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 158%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wings of Hope Ranch Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include California Foundation for Occupational Therapy ($309k), Freedom Farm ($309k) and Fredonia Child Care Center Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.5m against liabilities of $396k, net assets of $1.1m. It reported 5 employees.