Glimmer of Hope Foundation

Analysis

Glimmer of Hope Foundation is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Glimmer of Hope Foundation reported income of $79k and spending of $74k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $112k to $79k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glimmer of Hope Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within RI. Charities of a similar size with the same main cause include Hugh Chatham Memorial Hospital Auxiliary ($79k), Chestnut Hill Community Development Corporation ($79k) and Sims Strong Foundation ($79k).

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 $142k against liabilities of $0, net assets of $142k.