Hope for Kids Inc

Analysis

Hope for Kids Inc is a registered charity in United States, based in Schwenksville, PA. It received its IRS tax-exemption ruling in August 2008, 18 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 2022, Hope for Kids Inc reported income of $849k and spending of $716k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $869k to $849k (-2.3%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope for Kids Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Threads of Hope Thrift Store Inc ($849k), Girls on the Run of Lancaster ($849k) and Keypoint Alliance ($848k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $157k. At year end it held assets of $415k against liabilities of $348k, net assets of $67k. It reported 39 employees.