Springs of Hope Christian Fellowship Incorporated

Analysis

Springs of Hope Christian Fellowship Incorporated is a registered charity in United States, based in Quincy, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springs of Hope Christian Fellowship Incorporated reported income of $590k and spending of $130k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $590k (+433%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 515%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Springs of Hope Christian Fellowship Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mission Projects International ($590k), Expect Hope Inc ($590k) and Veritas College International ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $524k against liabilities of $0, net assets of $524k.