Cradle of Hope

Analysis

Cradle of Hope is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 1974, 52 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, Cradle of Hope reported income of $616k and spending of $563k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $748k to $616k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cradle of Hope sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Chickpeas Child Care Center Inc ($615k), Pinnacle Alpine Ski Racing Club ($616k) and Good Works Farm ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $167k. At year end it held assets of $376k against liabilities of $6,525, net assets of $369k. It reported 4 employees.