Radical Hope Inc

Analysis

Radical Hope Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Radical Hope Inc reported income of $1.3m and spending of $2.6m, spending 208% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.3m (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Radical Hope Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Samaritan Foundation Inc ($1.3m), Serenity Hospice and Home Foundation ($1.3m) and Reflections Counseling Services Group ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $525k (20% of expenses). Other salaries and wages came to $422k. At year end it held assets of $1.6m against liabilities of $189k, net assets of $1.4m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.