Rare Hope Inc

Analysis

Rare Hope Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover medical research, 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 2022, Rare Hope Inc reported income of $231k and spending of $68k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $94k to $231k (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 1575%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rare Hope Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include I Know Jack Foundation Inc ($231k), Asls Incorporated ($231k) and Springs Community Acupuncture Inc ($231k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $702k against liabilities of $239, net assets of $702k.