Hope Spot

Analysis

Hope Spot is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover health care, 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, Hope Spot reported income of $394k and spending of $327k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $237k to $394k (+66%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Spot sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include The Community Free Clinic Inc ($394k), Cardiac Surgery Clinical Research Center Inc ($394k) and Peoples Health and Wellness Clinic ($394k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 4.5% of the total. Other salaries and wages came to $167k. At year end it held assets of $166k against liabilities of $32k, net assets of $134k. It reported 8 employees.