Charity for Hope

Analysis

Charity for Hope is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Charity for Hope reported income of $79k and spending of $87k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $79k (+427%), an average of +427% a year. The sharpest change came in the year to December 2023, when income rose by 427%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charity for Hope sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Greylock Flume Inc ($79k), Atwood Second Century Development Fund Inc ($79k) and East Whittier Womans Improvement Club ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.