Bessies Hope

Analysis

Bessies Hope is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in October 1993, 33 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, Bessies Hope reported income of $101k and spending of $88k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $101k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bessies Hope sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Let the Children Live Inc ($101k), Moores Mill North-Central Madison County Volunteer Fire Dept ($101k) and Association of North American Missions ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.