Hive of Hope Inc

Analysis

Hive of Hope Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2021, 5 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, Hive of Hope Inc reported income of $98k and spending of $123k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $98k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hive of Hope Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Mattie J T Stepanek Foundation Inc ($98k), Patellofemoral Foundation Inc ($98k) and Womens Auxiliary of the Harrison Memorial Hospital ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $1 against liabilities of $25k, net assets of -$25k.