Lilys Hope Foundation

Analysis

Lilys Hope Foundation is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lilys Hope Foundation reported income of $115k and spending of $108k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $115k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lilys Hope Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Wings Over Haiti Inc ($115k), Azra Munir Welfare Foundation ($115k) and Bare Necessities Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.2% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.