Dawn of Hope Inc

Analysis

Dawn of Hope Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 1969, 57 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 June 2023, Dawn of Hope Inc reported income of $9.4m and spending of $8.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.8m to $9.4m (-3.4%), an average of -0.9% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dawn of Hope Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Western Connecticut Area Agency on Aging Inc ($9.4m), Greater Missoula Family Young Mens Christian Association ($9.4m) and The Food Trust ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $117k (1.3% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $4.9m against liabilities of $525k, net assets of $4.4m. It reported 241 employees.