Ihope Inc

Analysis

Ihope Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Ihope Inc reported income of $177k and spending of $50k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $283k to $177k (-37%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 1340%. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ihope Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Project Mobility Cycles for Life Inc ($177k), Skyline Spartans Lacrosse Club ($177k) and Lee County Coalition for a Drug-Free Southwest Florida Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $1,000 in professional fundraising fees. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 1 employees.