A Ray of Hope Today

Analysis

A Ray of Hope Today is a registered charity in United States, based in Aurora, OR. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, A Ray of Hope Today reported income of $575k and spending of $597k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $594k to $575k (-3.2%), an average of -3.2% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, A Ray of Hope Today sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Cahec Capital Inc ($575k), Lions of Michigan Service Foundation Inc ($575k) and Junior League of Boca Raton Inc ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $323k. At year end it held assets of $22k against liabilities of $210k, net assets of -$187k. It reported 19 employees.