Childrens Hope Alliance

Analysis

Childrens Hope Alliance is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Childrens Hope Alliance reported income of $11.4m and spending of $6.4m, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.2m to $11.4m (+118%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 59%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Hope Alliance sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Samuel and Althea Stroum Jewish Community Center of Greater Seattl ($11.4m), The Ark ($11.4m) and Missouri Valley Family Young Mens Christian Association ($11.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $623k. At year end it held assets of $65.3m against liabilities of $322k, net assets of $64.9m. It reported 12 employees.