Chance for Hope Foundation

Analysis

Chance for Hope Foundation is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Chance for Hope Foundation reported income of $567k and spending of $345k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $567k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chance for Hope Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Lawrenceville Handicapped Housing Inc ($567k), Volunteers of America Inc ($567k) and Court Appointed Special Advocates of North Texas ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $938k against liabilities of $21k, net assets of $917k.