Spread Hope Now Inc

Analysis

Spread Hope Now Inc is a registered charity in United States, based in Sikeston, MO. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spread Hope Now Inc reported income of $534k and spending of $200k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $534k (+202%), an average of +202% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spread Hope Now Inc 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 71st percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Leadership Edge Inc ($534k), Stark Housing Network Inc ($534k) and Aspire 3d ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $1,749, net assets of $463k. It reported 5 employees.