Thomas Hope Foundation Inc

Analysis

Thomas Hope Foundation Inc is a registered charity in United States, based in Holtsville, NY. It received its IRS tax-exemption ruling in October 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 February 2024, Thomas Hope Foundation Inc reported income of $796k and spending of $642k, spending 81% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $462k to $796k (+72%), an average of +14% a year. The sharpest change came in the year to February 2024, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thomas Hope Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Arizona United Spinal Cord Injury Association Inc ($796k), Lowcountry Biblical Counseling Center ($796k) and Colorado Association of Local Public Health Officials ($796k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (8.7% of expenses). Other salaries and wages came to $327k. At year end it held assets of $264k against liabilities of $43k, net assets of $220k. It reported 13 employees.