Wings of Hope Incorporated

Analysis

Wings of Hope Incorporated is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Wings of Hope Incorporated reported income of $5.7m and spending of $3.2m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.7m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wings of Hope Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Fund for Israels Tomorrow ($5.7m), Torah Relief Society Inc ($5.8m) and Hope 4 Kids International ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $138k (4.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $19.0m against liabilities of $368k, net assets of $18.6m. It reported 21 employees.