Sofias Hope

Analysis

Sofias Hope is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Sofias Hope reported income of $354k and spending of $326k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $354k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sofias Hope sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Helene Foundation ($354k), Options Now ($354k) and Well Being Development ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $300 (0.1% of expenses). At year end it held assets of $606k against liabilities of $64k, net assets of $542k.