Multicultural Child and Family Hope Center

Analysis

Multicultural Child and Family Hope Center is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2023, Multicultural Child and Family Hope Center reported income of $17.4m and spending of $12.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $17.4m (+369%), an average of +47% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Multicultural Child and Family Hope Center 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 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Civica Foundation ($17.4m), Indian Land Tenure Foundation ($17.4m) and Family Eldercare Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $10.2m against liabilities of $1.7m, net assets of $8.6m. It reported 100 employees.