Hope for Kids Inc

Analysis

Hope for Kids Inc is a registered charity in United States, based in Indian Orch, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 for Kids Inc reported income of $64k and spending of $65k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $64k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Kids Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Theresa Conference ($64k), Beam Housing Services Inc ($64k) and Hope After Betrayal Ministries ($64k).

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 $6,534 against liabilities of $0, net assets of $6,534.