Voices of Hope Lexington Inc

Analysis

Voices of Hope Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2016, 10 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 December 2023, Voices of Hope Lexington Inc reported income of $6.2m and spending of $5.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $6.2m (+717%), an average of +69% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Voices of Hope Lexington Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include ALS United Mid-Atlantic ($6.2m), Houston Healthcare Ems Inc ($6.2m) and University Health System Foundation ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $1.8m against liabilities of $397k, net assets of $1.5m. It reported 143 employees.