Ray of Hope Amazon

Analysis

Ray of Hope Amazon is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in February 2017, 9 years ago. 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, Ray of Hope Amazon reported income of $221k and spending of $214k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $191k to $221k (+15%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ray of Hope Amazon sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include Mount Kisco Rescue Fire Police Inc ($221k), St James Lutheran Developments Inc ($221k) and Lincroft First Aid & Rescue Squad Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $21k against liabilities of $0, net assets of $21k.