Ladles of Hope Inc

Analysis

Ladles of Hope Inc is a registered charity in United States, based in Seaford, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ladles of Hope Inc reported income of $198k and spending of $172k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $198k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ladles of Hope Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Kindred Spirits Care Farm ($198k), Unengaged Unreached People Groups Missionary Society Ums ($198k) and Skagit Valley Herald Christmas Fund ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.