Hope Sheds Light

Analysis

Hope Sheds Light is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hope Sheds Light reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $1.2m (+179%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Sheds Light sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Our Minds Matter ($1.2m), Society for Biomaterials ($1.2m) and Clarendon County Commission on Alcohol & Drug Abuse ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $125k (11% of expenses). Other salaries and wages came to $479k. At year end it held assets of $1.3m against liabilities of $126k, net assets of $1.2m. It reported 28 employees.