Stone Valleys Ray of Hope

Analysis

Stone Valleys Ray of Hope is a registered charity in United States, based in Mancelona, MI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Stone Valleys Ray of Hope reported income of $870k and spending of $860k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $7,888 to $870k (+10924%), an average of +380% a year. The sharpest change came in the year to December 2021, when income rose by 10249%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stone Valleys Ray of Hope sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include The Forest Lake Athletic Association ($869k), Cobb Football League Inc ($870k) and Empower Volleyball Club of Eastvale ($868k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. At year end it held assets of $96k against liabilities of $86k, net assets of $10k.