85 Hope Inc

Analysis

85 Hope Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, 85 Hope Inc reported income of $332k and spending of $321k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $291k to $332k (+14%), an average of +6.8% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 85 Hope Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Voices of Hope Inc ($332k), Utah Public Health Association ($332k) and Society of Urologic Oncology Clinical Trials Consortium ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $101k. At year end it held assets of $301k against liabilities of $2,188, net assets of $299k. It reported 7 employees.