Hope Ignites

Analysis

Hope Ignites is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ignites reported income of $3.3m and spending of $3.8m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.3m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Ignites sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Wiseplace ($3.3m), Food Bank of Eastern New Mexico Inc ($3.3m) and Before and After School Child Care on Location Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $787k (21% of expenses). Other salaries and wages came to $946k. At year end it held assets of $12.9m against liabilities of $813k, net assets of $12.0m. It reported 34 employees.