Dare to Hope Inc

Analysis

Dare to Hope Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dare to Hope Inc reported income of $74k and spending of $96k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $380k to $74k (-81%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dare to Hope Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include Fortitude Foundation ($74k), Hudson Ranch L L C ($74k) and Blessing Barn ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $460k against liabilities of $0, net assets of $460k. It reported 2 employees.