Dawn of Hope Foundation

Analysis

Dawn of Hope Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 1977, 49 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 June 2023, Dawn of Hope Foundation reported income of $226k and spending of $108k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $297k to $226k (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dawn of Hope Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Tennessee Center for Civic Learning and Engagement ($226k), Edward C Smith Civic Center of Lexington Inc ($226k) and Arizona Interscholastic Athletic Administrators Association ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $3.8m against liabilities of $177k, net assets of $3.6m.