1hope for Kids Inc

Analysis

1hope for Kids Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 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, 1hope for Kids Inc reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1hope for Kids Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include 18 Reasons ($2.7m), Arch Inc ($2.7m) and Perry Wellness Center Incorporated ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $215k (8.5% of expenses). Other salaries and wages came to $749k. At year end it held assets of $1.1m against liabilities of $126k, net assets of $941k. It reported 23 employees.