Hope for Children Foundation New Jersey

Analysis

Hope for Children Foundation New Jersey is a registered charity in United States, based in Middletown, NJ. It received its IRS tax-exemption ruling in April 2008, 18 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 for Children Foundation New Jersey reported income of $201k and spending of $185k, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $37k to $201k (+444%), an average of +133% a year. The sharpest change came in the year to December 2020, when income rose by 183%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Children Foundation New Jersey sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Mary Graham Childrens Shelter Foundation ($201k), Mill River Community Housing Corporation ($201k) and Wonderland Thrift Shop ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $326k against liabilities of $0, net assets of $326k.