Touch of Hope

Analysis

Touch of Hope is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Touch of Hope reported income of $58k and spending of $48k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $58k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Touch of Hope sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Greggs Wings Inc ($58k), Alano of Des Plaines Inc ($58k) and Jiminy Wicket Foundation LLC ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.