Emilys Hope Inc

Analysis

Emilys Hope Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 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, Emilys Hope Inc reported income of $405k and spending of $321k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $163k to $405k (+148%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emilys Hope Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within SD. Charities of a similar size with the same main cause include Baraga County Shelter Home ($405k), Warrior Expeditions ($405k) and Houses Into Homes ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $75k (24% of expenses). Other salaries and wages came to $59k. At year end it held assets of $448k against liabilities of $7,259, net assets of $440k. It reported 6 employees.