Fox Valley Hands of Hope

Analysis

Fox Valley Hands of Hope is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Fox Valley Hands of Hope reported income of $673k and spending of $851k, spending 126% of what it took in. Across the 5 years on record, from January 2020 to December 2023, income grew from $571k to $673k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income dropped by 115%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fox Valley Hands of Hope sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include United Way of Central Louisiana Inc ($673k), Little League Baseball Inc ($673k) and St Michael Day School Inc ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $406k. At year end it held assets of $5.1m against liabilities of $26k, net assets of $5.1m. It reported 9 employees.