Sweatshirt of Hope

Analysis

Sweatshirt of Hope is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Sweatshirt of Hope reported income of $181k and spending of $141k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $181k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sweatshirt of Hope sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Delta County Cancer Alliance Inc ($181k), Childrens Cancer Family Foundation ($181k) and Greater New York Regional Service ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $84k against liabilities of $1,120, net assets of $83k.