Hope for Families and Children Foundation Inc

Analysis

Hope for Families and Children Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope for Families and Children Foundation Inc reported income of $619k and spending of $595k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $917k to $619k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Families and Children Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Durango Early Learning Center Inc ($618k), Hyde County Non Profit Private Transportation Corporation ($619k) and Community Friends Educational Corp ($618k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. At year end it held assets of $5.4m against liabilities of $49k, net assets of $5.3m.