Hope Christian Services Foundation Inc

Analysis

Hope Christian Services Foundation Inc is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Christian Services Foundation Inc reported income of $144k and spending of $82k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $344k to $144k (-58%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Christian Services Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Jefferson City Parks and Recreation Foundation ($144k), The Chiditarod Foundation ($144k) and Medomak Valley All Sports Boosters ($143k).

At year end it held assets of $4.3m against liabilities of $36k, net assets of $4.3m.