Ring of Hope is a 501(c)(3) organization based in Chicago, Illinois, registered in 2017, with $395,202 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$395K
▼ 62.0% vs prior year
Education median: $200K
Expenses (FY2024)
$522K
Net assets
$490K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ring of Hope— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ring of Hope: 11 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ring of Hope— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ring of Hope: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $65K (FY2021) to $395K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-32.0%
Spent more than it raised in the latest fiscal year.
Total assets
$794K
Total liabilities
$303K
Net assets
$490K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $395,202▼62.0% | $521,804▼2.7% | $490,299▼30.8% | $793,658▼27.3% | 990 |
| 2023 | $1,040,290▲145% | $536,555▲125% | $708,488▲258% | $1,092,280▲285% | 990 |
| 2022 | $423,942▲549% | $238,623▲295% | $197,638▲3986% | $284,049▲3074% | 990 |
| 2021 | $65,323 | $60,486 | $4,837 | $8,948 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Ring of Hope totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tides Center | Healthy individuals and communities | 2023 | $30,000 |
| Greater Chicago Food Depository | Distribute to the hungry | 2021 | $1,048,447 |
Explore more
Data for Ring of Hope (EIN 27-5020542) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.