Spring of Hope International Inc

Analysis

Spring of Hope International Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 2004, 22 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, Spring of Hope International Inc reported income of $484k and spending of $435k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $623k to $484k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring of Hope International Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Anika Foundation ($484k), Giving Tree Topeka Inc ($484k) and Pro-Life Union of Greater Philadelphia ($484k).

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 $48k. At year end it held assets of $225k against liabilities of $1,155, net assets of $224k. It reported 1 employees.