Mission
THE ORGANIZATION'S MISSION IS TO IMPROVE THE LIVES OF CHILDREN AND YOUNG ADULTS THROUGH ITS PROGRAMS
Small Public Charity
THE RAY OF HOPE FOUNDATION INC
THE RAY OF HOPE FOUNDATION INC, of PHILADELPHIA, PA, is a Small Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $148K in revenue, $90K in expenses, $181K in total assets.
EIN: 061460978
PHILADELPHIA, PA
Public Foundations
NTEE: T30
Latest filing: 2024
Total Revenue$148K
Total Expenses$90K
Total Assets$181K
Grants Given0
Filing Years2019–2024
Where $100 goes at The Ray of Hope Foundation Inc
How The Ray of Hope Foundation Inc divides every $100 it spends, from its own Form 990-EZ filings, averaged across 7 years.
$95
Programs
the work itself
$5
Everything else
operations and overhead
Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.
Inside the $95 for programs
$95
Organization sponsored computer labs, aau basketball teams and other charitable organizations
Source: Form 990-EZ filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VICE-PRESIDENT
Flora Allen-Hopson
PRESIDENT
Walter Ray Allen Jr
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $148K | $90K | $181K |
| 2023 | $145K | $139K | $123K |
| 2022 | $122K | $90K | $153K |
| 2020 | $36K | $21K | $105K |
| 2019 | $55K | $92K | $90K |
Between 2019 and 2024, reported annual revenue grew from $55K to $148K (+166%), with total assets most recently reported at $181K.
Interactive year-over-year charts and full filing details available with membership.