Basket of Hope

Analysis

Basket of Hope is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 1997, 29 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, Basket of Hope reported income of $575k and spending of $961k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $769k to $575k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Basket of Hope sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include American Legion National Emergency Fund ($574k), Edward J Gallager Jr Foundation Inc ($575k) and Gratitude Global ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (4.7% of expenses). Other salaries and wages came to $36k. At year end it held assets of $737k against liabilities of $13k, net assets of $724k. It reported 3 employees.