Touch Ones United Creating Hope Inc

Analysis

Touch Ones United Creating Hope Inc is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Touch Ones United Creating Hope Inc reported income of $73k and spending of $53k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $73k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touch Ones United Creating Hope Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Utah Chinese Association ($72k), Feed a Hungry Child PC Inc ($73k) and Providential Support Services Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.