Gifts of Hope Unlimited Inc

Analysis

Gifts of Hope Unlimited Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in August 2016, 10 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, Gifts of Hope Unlimited Inc reported income of $70k and spending of $69k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $73k to $70k (-5.0%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gifts of Hope Unlimited Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Showmens Association Charities Corporation ($70k), Represent Inc ($70k) and Leadership East Tennessee ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.