Hope Chest

Analysis

Hope Chest is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in July 2014, 12 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 reported income of $183k and spending of $181k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $183k (+1.4%), an average of +1.4% a year. Over the whole period it spent 99% 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 sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Monterey Count Benevolent Foundation ($183k), Isaiah House ($183k) and United Way of Southern Illinois ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,568 against liabilities of $0, net assets of $2,568.