Friends of Hopelands and Rye Patch Inc

Analysis

Friends of Hopelands and Rye Patch Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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 December 2023, Friends of Hopelands and Rye Patch Inc reported income of $120k and spending of $119k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $120k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 242%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Hopelands and Rye Patch Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Larry Joe Wright Evangelistic Association ($120k), Sabine Valley Hud Corporation ($120k) and Amateur Athletic Union of the United States ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.