Inheritance of Hope Inc

Analysis

Inheritance of Hope Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 September 2023, Inheritance of Hope Inc reported income of $2.0m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $2.0m (+83%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 100%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inheritance of Hope Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Black Canyon Community Health Center ($2.0m), Chenla Childrens Health Inc ($2.0m) and Tri-County Community Dental Clinic Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.1m against liabilities of $29k, net assets of $2.1m. It reported 20 employees.