Sherrys Hope Inc

Analysis

Sherrys Hope Inc is a registered charity in United States, based in Austell, GA. It received its IRS tax-exemption ruling in September 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Sherrys Hope Inc reported income of $319k and spending of $152k, leaving 52% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $108k to $319k (+195%), an average of +72% a year. The sharpest change came in the year to June 2021, when income rose by 76%. 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, Sherrys Hope Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Better Life Counseling Center Inc ($319k), Cato Ira Meridian Victory Ambulance Corps Inc ($319k) and California Association of the Deaf ($319k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $445k against liabilities of $20k, net assets of $425k.