Raising Hope Free Store

Analysis

Raising Hope Free Store is a registered charity in United States, based in Osage Beach, MO. 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, Raising Hope Free Store reported income of $64k and spending of $57k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $83k to $64k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raising Hope Free Store sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within MO. Charities of a similar size with the same main cause include Blood Banks Association of New York State Inc ($64k), Little League Baseball Inc ($64k) and Virginia Congress of Parents and Teachers ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.