Desoto Hope

Analysis

Desoto Hope is a registered charity in United States, based in Southaven, MS. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover health care, 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, Desoto Hope reported income of $117k and spending of $152k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $117k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Desoto Hope sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within MS. Charities of a similar size with the same main cause include Mustard Seed Society Inc ($117k), Delaware County Pregnancy Center ($117k) and Center for New Data ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.