Ladders of Hope USA Inc

Analysis

Ladders of Hope USA Inc is a registered charity in United States, based in Fennville, MI. It received its IRS tax-exemption ruling in November 2013, 13 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, Ladders of Hope USA Inc reported income of $315k and spending of $250k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $285k to $315k (+11%), an average of +3.4% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ladders of Hope USA Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Harbour Hope International Inc ($315k), Arivaca Action Center Incorporated ($315k) and Good Samaritan Medical Clinic ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.