Hope Ignites Colorado

Analysis

Hope Ignites Colorado is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 June 2023, Hope Ignites Colorado reported income of $896k and spending of $853k, spending 95% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $786k to $896k (+14%), an average of +6.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites Colorado sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Virginia Beach Rescue Squad Foundation Inc ($895k), Home Health Care Professionals Inc ($896k) and Ogeechee Technical College Foundation Inc ($895k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $93k (11% of expenses). Other salaries and wages came to $363k. It paid $6,985 in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $89k, net assets of $1.5m. It reported 11 employees.