Key of Hope

Analysis

Key of Hope is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Key of Hope reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $793k to $1.1m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Key of Hope sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Volunteers in Asia ($1.1m), Hope Unlimited for Children Inc ($1.1m) and Serve Northwest Arkansas Inc ($1.1m).

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 $284k. At year end it held assets of $171k against liabilities of $38k, net assets of $133k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.