Light Up Hope Inc

Analysis

Light Up Hope Inc is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Light Up Hope Inc reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $705k to $2.4m (+245%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Light Up Hope Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Heart of Maine United Way ($2.4m), Childrens Institute Foundation ($2.4m) and National Council of Nonprofits ($2.4m).

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 $162k. At year end it held assets of $415k against liabilities of $5,685, net assets of $409k. It reported 2 employees.