Sight of Hope Inc

Analysis

Sight of Hope Inc is a registered charity in United States, based in Lemont FRNC, PA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sight of Hope Inc reported income of $131k and spending of $129k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $131k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sight of Hope Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include West Deerfield Township Food Pantry ($131k), Entrusted Ministries ($131k) and North East Texas Benevolence Inc ($131k).

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 $3,958 against liabilities of $0, net assets of $3,958.