Hope Unlimited for Children Inc

Analysis

Hope Unlimited for Children Inc is a registered charity in United States, based in Portola Valley, CA. It received its IRS tax-exemption ruling in October 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 June 2023, Hope Unlimited for Children Inc reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.6m to $1.1m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Unlimited for Children Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Key of Hope ($1.1m), Rice Bowl Inc ($1.1m) and Volunteers in Asia ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (14% of expenses). Other salaries and wages came to $124k. At year end it held assets of $604k against liabilities of $2,381, net assets of $602k. It reported 3 employees.