Voices of Hope Inc

Analysis

Voices of Hope Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Voices of Hope Inc reported income of $465k and spending of $284k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $465k (+118%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Voices of Hope Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Stageworks Theatre Group Inc ($465k), Sonoran Art Foundation Inc ($465k) and San Jose Multicultural Artists Guild Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 9.2% of the total. Other salaries and wages came to $171k. At year end it held assets of $461k against liabilities of $943, net assets of $460k. It reported 5 employees.