Vision of Hope Inc

Analysis

Vision of Hope Inc is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in March 1982, 44 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, Vision of Hope Inc reported income of $72k and spending of $85k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $80k to $72k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vision of Hope Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OK. Charities of a similar size with the same main cause include Mills Park Elementary PTA ($72k), Murphys Community Club ($72k) and Friends of the Upland Public Library ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $484k against liabilities of $64k, net assets of $420k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.