Spirit of Hope Inc

Analysis

Spirit of Hope Inc is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in April 2010, 16 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, Spirit of Hope Inc reported income of $486k and spending of $485k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $499k to $486k (-2.5%), an average of -0.8% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit of Hope Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Green Scene Thrift ($486k), Organic Oneness ($486k) and Albanian-American Humanitarian Fund Trojet Tona ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $81k (17% of expenses). At year end it held assets of $49k against liabilities of $44k, net assets of $5,539.