Optimum Hope

Analysis

Optimum Hope is a registered charity in United States, based in Mt Juliet, TN. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Optimum Hope reported income of $70k and spending of $76k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $70k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Optimum Hope sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Mindful Minutes for Schools ($70k), Ali Spears Foundation Inc ($70k) and Indiana Community Health Medical Center Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.