Shores of Hope

Analysis

Shores of Hope is a registered charity in United States, based in W Sacramento, CA. It received its IRS tax-exemption ruling in October 1946, 80 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, Shores of Hope reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shores of Hope sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Transgender Resource Center of New Mexico ($1.6m), Agape of Central Alabama Inc ($1.6m) and El Sol Jupiters Neighborhood Resource Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $152k (8.5% of expenses). Other salaries and wages came to $770k. At year end it held assets of $2.2m against liabilities of $161k, net assets of $2.0m. It reported 30 employees.