Hope Chest Inc

Analysis

Hope Chest Inc is a registered charity in United States, based in LA Grange, IL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Chest Inc reported income of $462k and spending of $460k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $297k to $462k (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Chest Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Tri Area Ministry Food Pantry ($462k), Rainbows for All Children Inc ($462k) and Ellis Hollow Community Center Inc ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Other salaries and wages came to $87k. At year end it held assets of $127k against liabilities of $5,944, net assets of $121k. It reported 13 employees.