Hope for Families

Analysis

Hope for Families is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Hope for Families reported income of $149k and spending of $135k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $310k to $149k (-52%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Families sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Pleasant Day Workshop Inc ($149k), Feed the Creek ($149k) and Kids in Divorce Support Services Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $435k against liabilities of $132k, net assets of $303k.