Rare Trait Hope Fund

Analysis

Rare Trait Hope Fund is a registered charity in United States, based in Belle Chasse, LA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover medical research, 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, Rare Trait Hope Fund reported income of $74k and spending of $222k, spending 301% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $411k to $74k (-82%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rare Trait Hope Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Llano Hospital Foundation Inc ($74k), Casting 4 a Cure Inc ($74k) and Salmon Creek Hospital Foundation ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.