Kids Advancing Hope Coalition

Analysis

Kids Advancing Hope Coalition is a registered charity in United States, based in Wixom, MI. It received its IRS tax-exemption ruling in May 2003, 23 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, Kids Advancing Hope Coalition reported income of $474k and spending of $526k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $574k to $474k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kids Advancing Hope Coalition sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include National Church Residences ($474k), Arirang Housing Inc ($474k) and Circle of Friends ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (20% of expenses). Other salaries and wages came to $2,160. At year end it held assets of $727k against liabilities of $1.0m, net assets of -$273k. It reported 2 employees.