Hope Compassionate Healthcare

Analysis

Hope Compassionate Healthcare is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2020, 6 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Compassionate Healthcare reported income of $549k and spending of $542k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $549k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Compassionate Healthcare sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within NV. Charities of a similar size with the same main cause include Amistad Center for Art & Culture Inc ($549k), Northeastern Colorado Revolving Loan Fund ($549k) and Wisconsin Council of Religious and Independent Schools Inc ($549k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $378k against liabilities of -$16k, net assets of $394k.