Families and Individuals Sharing Hope

Analysis

Families and Individuals Sharing Hope is a registered charity in United States, based in Shakopee, MN. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Families and Individuals Sharing Hope reported income of $242k and spending of $270k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $242k (+1.0%), an average of +0.5% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families and Individuals Sharing Hope sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Community Lifestyle ($242k), Broadway Theatre League of Pueblo Inc ($242k) and Lake Granbury Inter Church Agency Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $135k (50% of expenses). At year end it held assets of $310k against liabilities of $559, net assets of $310k. It reported 2 employees.