Hagood Hope for Children Inc

Analysis

Hagood Hope for Children Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 2006, 20 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 (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, Hagood Hope for Children Inc reported income of $223k and spending of $183k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $223k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hagood Hope for Children Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include United Way of Brown County ($223k), YMCA Foundation of Mid-America ($223k) and One Hundred Shares Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.