Gift of Hope Community Foundation

Analysis

Gift of Hope Community Foundation is a registered charity in United States, based in Itasca, IL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gift of Hope Community Foundation reported income of $352k and spending of $132k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $352k (+398%), an average of +398% a year. The sharpest change came in the year to December 2023, when income rose by 398%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gift of Hope Community Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Sadie Keller Foundation ($352k), Daniels Memorial Healthcare Foundat Ion Inc ($352k) and Resilient Minds on the Front Lines Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $318k against liabilities of $21k, net assets of $297k.