Hope Ignites St Louis

Analysis

Hope Ignites St Louis is a registered charity in United States, based in Richmond HTS, MO. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 June 2024, Hope Ignites St Louis reported income of $2.7m and spending of $2.7m, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $2.8m to $2.7m (-2.8%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites St Louis 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 88th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Young Mens Christian Assoc of McDonough Co ($2.7m), The Arc of Northern Virginia ($2.7m) and Friends of Middlesex Fells Reservation Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $137k (5.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.9m against liabilities of $191k, net assets of $6.7m. It reported 57 employees.