Light of Hope Inc

Analysis

Light of Hope Inc is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in September 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, Light of Hope Inc reported income of $596k and spending of $201k, leaving 66% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $146k to $596k (+308%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 290%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Light of Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Federation of State Physician Health Programs Inc ($596k), Cobb Memorial Foundation Inc ($596k) and New Beginings Center ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $123k. At year end it held assets of $430k against liabilities of $7,589, net assets of $422k. It reported 3 employees.