Hour Children Inc

Analysis

Hour Children Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hour Children Inc reported income of $8.0m and spending of $6.3m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $8.0m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hour Children Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of LA Crosse Inc ($8.0m), Bethany for Children & Families ($8.0m) and The Young Mens Christian Association of Northern Utah ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $214k (3.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $21.1m against liabilities of $2.6m, net assets of $18.4m. It reported 75 employees.