Last Hope

Analysis

Last Hope is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Last Hope reported income of $373k and spending of $376k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $615k to $373k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 119% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Last Hope sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Marion-Grant Co Humane Society Inc ($373k), Cats Angels Inc SPCA ($374k) and Sanctuary Rescue Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Other salaries and wages came to $54k. At year end it held assets of $770k against liabilities of $2,113, net assets of $768k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.