Services of Hope Entities Inc

Analysis

Services of Hope Entities Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2005, 21 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 2023, Services of Hope Entities Inc reported income of $3.8m and spending of $3.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.8m (+219%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Services of Hope Entities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Guitars Over Guns Organization Inc ($3.8m), Girl Scouts of Gulfcoast Florida Inc ($3.8m) and Reformed Youth Movement Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $711k. At year end it held assets of $433k against liabilities of $497k, net assets of -$64k. It reported 28 employees.