Whispers of Love Hope & Joy Inc

Analysis

Whispers of Love Hope & Joy Inc is a registered charity in United States, based in Sioux Center, IA. It received its IRS tax-exemption ruling in March 2019, 7 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, Whispers of Love Hope & Joy Inc reported income of $234k and spending of $165k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $234k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Whispers of Love Hope & Joy Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include Holyoke Community Childcare Initiative ($234k), Derrick Thomas Neil Smith Third and Long Foundation ($234k) and Atterdag at Home Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $45k (27% of expenses). At year end it held assets of $2.8m against liabilities of $2.6m, net assets of $137k. It reported 2 employees.