Giving Hope Inc

Analysis

Giving Hope Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 2017, 9 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, Giving Hope Inc reported income of $827k and spending of $843k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $827k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Giving Hope Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within SD. Charities of a similar size with the same main cause include Sunrise Side Senior Services ($827k), Tennessee Valley Coalition to End Homelessness Inc ($827k) and Resolution Systems Institute ($826k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $104k (12% of expenses). Other salaries and wages came to $238k. At year end it held assets of $310k against liabilities of $194k, net assets of $116k. It reported 36 employees.