Mission of Hope Cancer Fund

Analysis

Mission of Hope Cancer Fund is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mission of Hope Cancer Fund reported income of $586k and spending of $567k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $586k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Hope Cancer Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Early Years Development Center Inc ($586k), Preston County Caring Council Inc ($586k) and Kids Under Construction Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $24k (4.3% of expenses). Other salaries and wages came to $8,120. It paid $439k in professional fundraising fees. At year end it held assets of $177k against liabilities of $75k, net assets of $103k. It reported 4 employees.