Duffys Hope Inc

Analysis

Duffys Hope Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Duffys Hope Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $1.7m (+256%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Duffys Hope Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within DE. Charities of a similar size with the same main cause include Athletes for Hope ($1.7m), Project Hawaii Inc ($1.7m) and My Kids Club ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $160k (10% of expenses). Other salaries and wages came to $317k. At year end it held assets of $359k against liabilities of $6,605, net assets of $352k. It reported 14 employees.