The Hope Chest of Pekin NFP

Analysis

The Hope Chest of Pekin NFP is a registered charity in United States, based in Pekin, IL. It received its IRS tax-exemption ruling in December 2013, 13 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 May 2023, The Hope Chest of Pekin NFP reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $566k to $1.1m (+92%), an average of +24% a year. The sharpest change came in the year to May 2021, when income rose by 91%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hope Chest of Pekin NFP sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Laurens Memorial Home for the Aged Inc ($1.1m), Core Community Center ($1.1m) and Kids Harbor a Ministry of Harrisonburg First Church of the ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $52k (4.7% of expenses). Other salaries and wages came to $604k. At year end it held assets of $398k against liabilities of $74k, net assets of $324k. It reported 59 employees.