Reignite Hope

Analysis

Reignite Hope is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Reignite Hope reported income of $1.1m and spending of $854k, leaving 25% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $471k to $1.1m (+143%), an average of +34% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reignite Hope sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Crossroad Christian School of Madera ($1.1m), John Bremer & Ed Bremer Consolidated Trust ($1.1m) and McClelland Childrens Foundation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). Other salaries and wages came to $235k. It paid $18k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $4,408, net assets of $1.5m. It reported 6 employees.