Childrens Hopechest Inc

Analysis

Childrens Hopechest Inc is a registered charity in United States, based in Palmer Lake, CO. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Childrens Hopechest Inc reported income of $6.4m and spending of $6.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.0m to $6.4m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2021, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Childrens Hopechest Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Africa Renewal Ministries Inc ($6.4m), Helps International Incorporated ($6.4m) and Seeds of Peace Inc ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $303k (4.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $307k, net assets of $1.2m. It reported 20 employees.