Rachs Hope Inc

Analysis

Rachs Hope Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in June 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, Rachs Hope Inc reported income of $173k and spending of $103k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $173k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rachs Hope Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include United Way of St Francois County Inc ($173k), York County Human Services Fund ($173k) and Ekklesia II Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.