Hope for Children Research Foundation Inc

Analysis

Hope for Children Research Foundation Inc is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for Children Research Foundation Inc reported income of $191k and spending of $173k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $520k to $191k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Children Research Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Domestic Outreach Corp ($191k), Inner Compass Initiative Inc ($191k) and Faculty Student Association of the State College of Optometry Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% of the total. Compensation of current officers, directors and key employees was $80k (47% of expenses). At year end it held assets of $67k against liabilities of $6,000, net assets of $61k. It reported 1 employees.