Living Hope Incorporated

Analysis

Living Hope Incorporated is a registered charity in United States, based in New Carrolltn, MD. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Living Hope Incorporated reported income of $8.4m and spending of $6.7m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $8.4m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Hope Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Kids Food Basket ($8.4m), Hope House Inc ($8.4m) and Wayside Christian Mission ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $371k (5.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.8m against liabilities of $15k, net assets of $6.8m. It reported 141 employees.