Voices of Hope

Analysis

Voices of Hope is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in April 2016, 10 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 June 2023, Voices of Hope reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $687k to $2.1m (+205%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 209%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Voices of Hope sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Vetri Foundation for Children ($2.1m), Mountainland Pediatrics Inc ($2.1m) and Pediatric Development Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $89k (5.2% of expenses). Other salaries and wages came to $884k. At year end it held assets of $1.9m against liabilities of $791k, net assets of $1.1m. It reported 75 employees.