Vision for Hope

Analysis

Vision for Hope is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vision for Hope reported income of $4.9m and spending of $3.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.9m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vision for Hope sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Learning Center for Families ($4.9m), Kennebec Mental Health Associates Inc ($4.9m) and Oswego Health Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $551k (15% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $575k against liabilities of $4.4m, net assets of -$3.8m. It reported 54 employees.