Love& Hope Rescue Mission

Analysis

Love& Hope Rescue Mission is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in January 2022, 4 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 (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, Love& Hope Rescue Mission reported income of $695k and spending of $639k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $290k to $695k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. 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, Love& Hope Rescue Mission sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include Sutter Davis Hospital Foundation and Community Board ($695k), Wellspring Second Chance Center ($695k) and Vineyard House Inc ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $41k. At year end it held assets of $207k against liabilities of $1,515, net assets of $205k.