Sioux Falls Hope Coalition

Analysis

Sioux Falls Hope Coalition is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sioux Falls Hope Coalition reported income of $1.1m and spending of $953k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $315k to $1.1m (+248%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sioux Falls Hope Coalition 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 80th percentile, and in the 80th percentile within SD. Charities of a similar size with the same main cause include Nueva Esperanza ($1.1m), Willow Creek Valley Assisted Living Corporation ($1.1m) and Hope4mena Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $83k (8.7% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.5m against liabilities of $5,492, net assets of $1.5m. It reported 2 employees.