Hope for Poor Children Foundationincorporated

Analysis

Hope for Poor Children Foundationincorporated is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in October 2006, 20 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, Hope for Poor Children Foundationincorporated reported income of $921k and spending of $428k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $921k (+985%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 2724%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Poor Children Foundationincorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Nebraska Indian Child Welfare Coalition Inc ($921k), Tasks Unlimited Inc ($921k) and Ravenswood Community Daycare Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $9.3m against liabilities of $0, net assets of $9.3m.