Citihope International Inc

Analysis

Citihope International Inc is a registered charity in United States, based in Margaretville, NY. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Citihope International Inc reported income of $79.5m and spending of $79.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.8m to $79.5m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 310%. Over the whole period it spent 158% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Citihope International Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Fundacion de LA Universidad Del Valle de Guatemala ($79.2m), American School Foundation Ac ($80.7m) and International Foundation for Electoral Systems ($78.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $186k against liabilities of $526k, net assets of -$340k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.