Shannons Hope

Analysis

Shannons Hope is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in May 1985, 41 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 2024, Shannons Hope reported income of $82k and spending of $134k, spending 162% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $87k to $82k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shannons Hope sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within CO. Charities of a similar size with the same main cause include Legatus ($82k), Trinity Player Inc ($82k) and PTA California Congress of Parents Teachers & Students Inc ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $47k. At year end it held assets of $312k against liabilities of $307k, net assets of $5,121. It reported 3 employees.