Allo Hope Foundation

Analysis

Allo Hope Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Allo Hope Foundation reported income of $293k and spending of $335k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $326k to $293k (-10%), an average of -10% a year. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Allo Hope Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Lifebridge Center for Hope Inc ($293k), Brunan Inc ($293k) and Recovery Community Foundation of Forsyth Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (23% of expenses). At year end it held assets of $114k against liabilities of $38k, net assets of $75k. It reported 1 employees.