Sophies Hope Foundation Inc

Analysis

Sophies Hope Foundation Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover medical research, 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, Sophies Hope Foundation Inc reported income of $329k and spending of $195k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $249k to $329k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 40% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sophies Hope Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Cenfam ($329k), Hopelife Regeneration ($330k) and Rio Grande Behavioral Health ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $653k against liabilities of $0, net assets of $653k.