Hope for the Day

Analysis

Hope for the Day is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hope for the Day reported income of $1.4m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $1.4m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for the Day sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Charlotte Alliance for a Safe and Drug Free Community ($1.4m), Lakeview Health Foundation ($1.4m) and US Pain Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $134k (9.9% of expenses). Other salaries and wages came to $649k. At year end it held assets of $782k against liabilities of $22k, net assets of $760k. It reported 17 employees.