Erin Is Hope Foundation Inc

Analysis

Erin Is Hope Foundation Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Erin Is Hope Foundation Inc reported income of $1.6m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Erin Is Hope Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Volunteers of America Inc ($1.6m), Verde Valley Fair Association ($1.6m) and Local 103 Ibew Educational Corp ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $125k (8.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $506k against liabilities of $26k, net assets of $480k. It reported 37 employees.