Raising Hope Inc

Analysis

Raising Hope Inc is a registered charity in United States, based in Hummelstown, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Raising Hope Inc reported income of $295k and spending of $294k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $682k to $295k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 61% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Raising Hope Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Alliance of Filipinos for Immigrant Rights and Empowerment ($295k), Elwa Ministries Association ($295k) and American Institute for Indonesian Studies Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $15k (5.0% of expenses). At year end it held assets of $435k against liabilities of $4,539, net assets of $430k. It reported 1 employees.