Families Raising Hope

Analysis

Families Raising Hope is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover health care, 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, Families Raising Hope reported income of $111k and spending of $84k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $111k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Families Raising Hope sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within AZ. Charities of a similar size with the same main cause include American Academy of Audiology Foundation ($111k), Davenport Hospital Child Fund Co Chase Lincoln First Bank ($111k) and Matt Talbot House Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.