Athletes for Hope

Analysis

Athletes for Hope is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Athletes for Hope reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.7m (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Athletes for Hope sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include My Kids Club ($1.7m), Duffys Hope Inc ($1.7m) and Camp Elso Incorporated ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $182k (14% of expenses). Other salaries and wages came to $575k. At year end it held assets of $1.8m against liabilities of $75k, net assets of $1.7m. It reported 10 employees.