Sharas Hope Inc

Analysis

Sharas Hope Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2018, 8 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 December 2023, Sharas Hope Inc reported income of $60k and spending of $88k, spending 146% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $60k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharas Hope Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within KY. Charities of a similar size with the same main cause include Earth Mountain Education Farm ($60k), Pact of Faith Inc ($60k) and Southside Senior Citizens Center ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $1,864, net assets of $11k.