Hope in Lancaster Inc

Analysis

Hope in Lancaster Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2022, Hope in Lancaster Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $696k to $1.5m (+117%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope in Lancaster Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Southeast Texas Hospice ($1.5m), Rogers Pierce Childrens Center Inc ($1.5m) and Samaritan Homevisit Physicians PC ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $48k (3.1% of expenses). Other salaries and wages came to $245k. At year end it held assets of $764k against liabilities of $12k, net assets of $753k. It reported 16 employees.