Shared Hope International

Analysis

Shared Hope International is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Shared Hope International reported income of $3.7m and spending of $4.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $3.7m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Hope International sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Ronald McDonald House Charities of New England Inc ($3.7m), Raleigh Dream Center ($3.7m) and Ethiopian Community Association of Chicago Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $126k (3.1% of expenses). Other salaries and wages came to $1.4m. It paid $41k in professional fundraising fees. At year end it held assets of $6.7m against liabilities of $342k, net assets of $6.3m. It reported 30 employees.