Hope Chest for Breast Cancer Foundation

Analysis

Hope Chest for Breast Cancer Foundation is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hope Chest for Breast Cancer Foundation reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $1.6m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Chest for Breast Cancer Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include United Way of Missoula County ($1.6m), Kenosha Community Foundation ($1.6m) and Judy & Bernard Briskin Family Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $184k. At year end it held assets of $1.1m against liabilities of $59k, net assets of $1.0m. It reported 5 employees.