Childrens Hope Alliance

Analysis

Childrens Hope Alliance is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in November 2004, 22 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 September 2023, Childrens Hope Alliance reported income of $6.2m and spending of $6.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.3m to $6.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Hope Alliance sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Outreach Inc ($6.2m), My Brothers Keeper ($6.2m) and FRS Transportation ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.5m (24% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $871k against liabilities of $1.0m, net assets of -$159k. It reported 45 employees.