H O P E for Youth Foundation Inc

Analysis

H O P E for Youth Foundation Inc is a registered charity in United States, based in Buchanan, NY. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, H O P E for Youth Foundation Inc reported income of $266k and spending of $230k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $266k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, H O P E for Youth Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include The Foundation of the Broome-Tioga Association for Retarded Citizens ($266k), Cut Bank Golf & Country Club ($266k) and American Friends Fo Haam Hayehudi Btel Aviv Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $843k against liabilities of $0, net assets of $843k.