Hope for Hie

Analysis

Hope for Hie is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in September 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, Hope for Hie reported income of $223k and spending of $290k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $161k to $223k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Hie sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Smiling Goat Ranch Inc ($223k), Madison Community Hospital Foundation Inc ($223k) and Margaret Winchester Enrichment Center for the Blind and Visually ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (30% of expenses). Other salaries and wages came to $47k. At year end it held assets of $238k against liabilities of $0, net assets of $238k.