Concerts for Hope

Analysis

Concerts for Hope is a registered charity in United States, based in Simpsonville, KY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Concerts for Hope reported income of $295k and spending of $490k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $295k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Concerts for Hope sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Ja Taylor Foundation Inc ($295k), Kentlands Community Foundation Inc ($295k) and Winchester Foundation for Educational Excellence Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.