Ranch of Hope Inc

Analysis

Ranch of Hope Inc is a registered charity in United States, based in Westcliffe, CO. It received its IRS tax-exemption ruling in August 2006, 20 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, Ranch of Hope Inc reported income of $340k and spending of $338k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $340k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ranch of Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Restore Ministries Inc ($340k), The Flag Foundation ($340k) and 2not1 Fatherhood & Families ($339k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $66k (19% of expenses). Other salaries and wages came to $97k. At year end it held assets of $106k against liabilities of $3,224, net assets of $103k. It reported 3 employees.