Scarlet Hope

Analysis

Scarlet Hope is a registered charity in United States, based in Spring Hill, TN. It received its IRS tax-exemption ruling in May 2017, 9 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2024, Scarlet Hope reported income of $83k and spending of $104k, spending 125% of what it took in. Across the 2 years on record, from June 2022 to June 2024, income fell from $105k to $83k (-21%), an average of -21% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scarlet Hope sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Southern New Jersey Chamber Foundation ($83k), Oakland 100 Club ($83k) and Seventh Street Christian Church Foundation Incorporated ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 102% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.