Touch of Hope Inc

Analysis

Touch of Hope Inc is a registered charity in United States, based in Rock Rapids, IA. It received its IRS tax-exemption ruling in April 2024, 2 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 June 2024, Touch of Hope Inc reported income of $988k and spending of $947k, spending 96% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $1.1m to $988k (-12%), an average of -6.2% a year. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Touch of Hope Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Light From Light Inc ($988k), Friends of Majal Inc ($989k) and Caring for Cambodia Inc ($987k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $121k. At year end it held assets of $786k against liabilities of $2,640, net assets of $783k. It reported 7 employees.