Hope for Families

Analysis

Hope for Families is a registered charity in United States, based in Mechanicsvlle, VA. 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 Families reported income of $204k and spending of $185k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $389k to $204k (-48%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 86% 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 Families sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Gods Broken Home University ($204k), Azahar Foundation Ltd ($204k) and Asun Star Community Outreachprogram Inc ($204k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $333k against liabilities of $0, net assets of $333k.