Life Is Hope

Analysis

Life Is Hope is a registered charity in United States, based in Jasper, AL. It received its IRS tax-exemption ruling in January 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 (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, Life Is Hope reported income of $70k and spending of $69k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $70k (+2.5%), an average of +2.5% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Is Hope sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within AL. Charities of a similar size with the same main cause include True North 406 Ministries Inc ($70k), Monroeville Council of Senior Citizens ($70k) and Project Boon Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.