Vincit Hope Inc

Analysis

Vincit Hope Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 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, Vincit Hope Inc reported income of $206k and spending of $78k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $225k to $206k (-8.3%), an average of -4.2% a year. Over the whole period it spent 21% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vincit Hope Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Esperanza Immigration Legal Services ($206k), Feed Arkansas Kids ($206k) and Indiana F O P Foundation Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $500k against liabilities of $0, net assets of $500k.