Arm of Hope

Analysis

Arm of Hope is a registered charity in United States, based in Elizabethtown, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Arm of Hope reported income of $690k and spending of $676k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $362k to $690k (+90%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arm of Hope sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Thelma Sadoff Center for the Arts Inc ($689k), Orchestra Nova Northwest ($690k) and Annapolis Film Festival Inc ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.