Childrens Hope Residential Services Inc

Analysis

Childrens Hope Residential Services Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 December 2023, Childrens Hope Residential Services Inc reported income of $3.9m and spending of $4.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.4m to $3.9m (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Hope Residential Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Child Foundation ($3.9m), Guardian Angels Medical Service Dogs Inc ($3.9m) and Advocacy Resource Center Marion Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.9m against liabilities of $3.2m, net assets of -$230k. It reported 61 employees.