Marshmallows Hope Nonprofit Organization Corp

Analysis

Marshmallows Hope Nonprofit Organization Corp is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marshmallows Hope Nonprofit Organization Corp reported income of $362k and spending of $146k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $362k (+564%), an average of +564% a year. The sharpest change came in the year to December 2023, when income rose by 564%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marshmallows Hope Nonprofit Organization Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include California Breastfeeding Coalition ($362k), Newport Hospital & Health Services Foundation ($362k) and Sandpoint Life Choices Pregnancy Center ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $50k (34% of expenses). Other salaries and wages came to $28k. At year end it held assets of $289k against liabilities of $0, net assets of $289k. It reported 4 employees.