Staff of Hope

Analysis

Staff of Hope is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2003, 23 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, Staff of Hope reported income of $51k and spending of $63k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $51k (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Staff of Hope sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Operation Helping Kids ($51k), South Harrison Comm Development Corp ($51k) and Fundacion Corazones Magicos Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3,500. At year end it held assets of $952 against liabilities of $0, net assets of $952.