2x4s for Hope

Analysis

2x4s for Hope is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, 2x4s for Hope reported income of $211k and spending of $201k, spending 95% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $363k to $211k (-42%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, 2x4s for Hope sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include West Bradford Volunteer Firemens Relief Association ($211k), Claysburg Volunteer Fire Co ($211k) and Union Mills Volunteer Fire Department Inc ($211k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $78k against liabilities of $0, net assets of $78k. It reported 1 employees.