Hope Chest

Analysis

Hope Chest is a registered charity in United States, based in Red Bluff, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Chest reported income of $213k and spending of $215k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $264k to $213k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Chest sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Eldon Senior Center Meals on Wheels Inc ($213k), Chabad of Boquete Inc ($213k) and Hunger Relief Ministries ($213k).

Other salaries and wages came to $96k. At year end it held assets of $275k against liabilities of $0, net assets of $275k. It reported 4 employees.